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Adani Ports & Sez Buy Adani Ports & Sez @772-773; Target 783.00; Stop Loss 766.80 Birlasoft Limited Sell Birlasoft Limited @430-431; Target 436.50; Stop Loss 428.40 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 Above views are of the author...
Stock Picks : Adani Ports and Special Economic Zone Ltd and Birlasoft Limited By ICICI Direct
Strong revenue growth: Birlasoft reported strong revenue growth wherein rupee revenue was up by 3% QoQ and 9.4% YoY to Rs 1,263cr while revenue in dollar stood at USD 153.6Mn, higher by 3% QoQ and 3.4% YoY. Revenue in constant currency grew by 2.7% QoQ and 3.6% YoY. Amongst geographies, Europe drove the growth followed by US markets (both ~94-95% of revenue) while Life science and BFSI posted decent growth in verticals. This quarter the company provided details of services offerings wherein i...
Buy Birlasoft Ltd For Target Rs. 452- Emkay Global Financial Services
About the stock: Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution. * The company caters to manufacturing, BFSI, energy & utility and life sciences * Debt free and healthy double digit return ratio (with RoCE of >18%) Q4FY23 Results: Birlasoft reported muted revenue numbers in Q4FY23. * Revenue grew 0.5% in dollar terms & 3.1% QoQ in CC terms (ex-Invacare) * Reported EBITDA...
Hold Birlasoft Ltd For Target Rs.340 - ICICI Direct
Ashok Leyland Ltd. • ASHOKLEY on the weekly chart has decisively broken out above the “Descending Triangular” pattern at 150 level with strong bullish candle indicating positive bias. • The breakout is accompanied with an increase in volume confirming participation at breakout level 19 May, 2023 • Stock holds above 50% Fibonacci Retracement of a rally from 93-129 placed at 131 forming a medium term support zone. • The weekly strength indicator RSI i...
Weekly Tech Picks: Ashok Leyland Ltd, Birlasoft Ltd, DLF Ltd. Bharti Airtel Ltd By Axis Securities
Birlasoft is currently trading at Rs. 308.80, up by 20.95 points or 7.28% from its previous closing of Rs. 287.85 on the BSE. The scrip opened at Rs. 298.95 and has touched a high and low of Rs. 313.40 and Rs. 292.15 respectively. So far 1310257 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 400.95 on 18-May-2022 and a 52 week low of Rs. 250.35 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs...
Birlasoft zooms despite reporting 16% fall in Q4 consolidated net profit
YoY revenue growth intact: Birlasoft reported revenue growth of 3.5% YoY and decline of 0.3% QoQ to $ 148.4mn, while its revenue in rupee was at Rs 1,221.9cr, up by 14% YoY and 2.5% QoQ. The growth was mainly driven by strong demand for technology transformation and cloud services businesses while muted performance was seen in its enterprise solution business which impacted the growth Subdued operating performance: The Company’s EBITDA was down by 95.5% YoY and 95.8% QoQ to Rs 7.4cr,...
Buy Birlasoft Ltd For Target Rs.341 - Religare Broking
Disappointing operating performance Birlasoft reported a disappointing operating performance in Q3FY23 and reported performance was further exacerbated by one-off provisions. Revenue fell 0.3% QoQ to USD148.4mn (flat CC), missed expectations, due to higher-than-usual furloughs and clients putting some projects on hold. Adjusted EBITM declined 180bps QoQ due to higher furloughs, investments in capabilities, and strengthening leadership. The exact financial impact of bankruptcy filings by In...
Buy Birlasoft Ltd For Target Rs.325 - Emkay Global Financial Services
Uninspiring revenue performance Birlasoft reported a mixed operating performance in Q2FY23. Revenue missed our expectations, while margin came in above our estimates. Management suggested that Q2 performance was weaker than its expectations due to delays in deal ramp-up, furloughs at certain clients, and postponement in expected work extension after the completion of a large project. The company continues to grapple with weakness in life sciences and E&U, which declined by 7.4% and 1.3...
Buy Birlasoft Ltd For Target Rs.370 - Emkay Global Financial Services
Deal momentum delayed Birlasoft reported Q1FY23 revenue at US$148.6mn, up 1.5% QoQ (I-Sec: 1.8%) and 2.3% QoQ in CC terms (ISEC: 3%). Soft growth in Q1FY23 was due to – 1) delay in ramp up of two large deals which had an impact of ~US$2mn, 2) normalisation of revenue within a client in lifesciences segment and 3) supply constraints (new hire joining ratio dropped). Company reported new deal wins of US$112mn (-10% QoQ, 19% YoY) and US$73mn of renewals. New deals declined QoQ because o...
Hold Birlasoft Ltd For Target Rs. 333 - ICICI Securities
Birlasoft is currently trading at Rs. 351.75, up by 9.15 points or 2.67% from its previous closing of Rs. 342.60 on the BSE. The scrip opened at Rs. 342.15 and has touched a high and low of Rs. 354.85 and Rs. 342.15 respectively. So far 202736 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 585.85 on 10-Jan-2022 and a 52 week low of Rs. 306.60 on 15-Jul-2022. Last one week high and low of the scrip stood at Rs. ...
Birlasoft zooms on reporting 6% rise in Q1 consolidated net profit
Technical Observations • The IT index has witnessed a technical pullback during last week after recent sharp decline. The index has seen a pullback from extreme oversold territory thus provides favourable risk reward set up for most of the IT stocks. One of the preferred pick within the midcap IT space is Birla Soft which we expect to outperform • The stock has generated a breakout above the falling channel containing last two months decline signaling pullback is expected from...
Stock Picks - Buy Birla Soft Ltd For Target Rs.402 - ICICI Direct
Religare Super Idea** To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy Birlasoft Ltd For Target Rs. 485- Religare Broking
In-line performance; high attrition remains a concern * Birlasoft’s Q3FY22 operating performance was broadly in line with our expectations. Revenue grew by 4.7% QoQ to USD143.4mn (5% CC). EBITM expanded by 30bps QoQ to 13.4% due to the offshore shift, revenue growth-led operating leverage and the absence of one-time contract related expenses. * Revenue growth was broad-based and was driven by Manufacturing (9.1% QoQ), E&U (8.4%) and BFSI (2.4%). Management expects broad-based ...
Buy Birlasoft Ltd For Target Rs.550 - Emkay Global
The company reported standalone net profit of Rs 69.60 crore for the quarter ended December 31, 2021 as compared to Rs 49.93 crore in the same period last year, registering a year-on-year growth of 39.40 per cent. Net revenue of the company rose substantially by 29.17 per cent at Rs 528.95 crore in October-December quarter of this fiscal as against Rs 409.51 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 32.17 per cent to Rs 430.3...
Birlasoft Q3 net profit up 39.40% at Rs 69.60 cr
PORTFOLIO ALLOCATION TITAN COMPANY LIMITED Observation * TITAN on the weekly time frame can be seen moving higher for the past 2 week after finding support near the 2200 mark which was placed close to the 20 Week SMA (2270). * On the daily chart we can see that the prices broke out of a downward slopping trend line and have been forming a higher high higher low pattern ever since. This up move is backed with volumes slightly above the average, indicting particip...
Short Term Portfolio January 2022 By GEPL Capital
* Stock is trading in overall uptrend and recently stock has given a bullish rectangle breakout which is fresh bullish confirmation * Strong volume activity is witnessed on breakout candle * Momentum indicator MACD ranging is positive territory Birlasoft Ltd BUY @ Rs. 524-528 Stop Loss Below Rs. 500 CB Target Rs. 570 Duration 1 Week To Read Complete Report & Disclaimer Click Here Please refer disclaimer a...
LKP Spade, Weekly Pick - Buy Birlasoft Ltd For Target Rs.570 - LKP Securities
Investors in Welspun India and Birlasoft have been rewarded with healthy returns in 2021, as their invested sums have doubled in value. Shares of Welspun India rose from Rs 68 at the start of the year to Rs 142 at Wednesday's close. Founded in 1985, Welspun India is into the textile business. The company exports textile products to more than 50 countries. The Centre's production-linked incentive for the textile sector apparently attracted investors towards Welspun India. O...
Welspun India, Birlasoft doubled investors' wealth in 2021
Religare Super Idea To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views are of the author and not of the website kindly read disclaime
Buy Birlasoft Ltd For Target Rs.528 - Religare Broking
Aiming to reach US$1 bn revenues by FY25 About the stock: Birlasoft Ltd (Birlasoft) has strength in non-ERP digital businesses like CRM, B & data analytics, app development & enterprise solution. * The company caters to manufacturing, BFSI, energy & utility and lifescience * Debt free and healthy double digit return ratio (with RoCE of >19%) Q2FY22 Results: Birlasoft reported Q2FY22 results. * Dollar revenues increased 6.7% QoQ to US$136.9 million * ...
Buy Birlasoft Ltd For Target Rs.475 - ICICI Direct
Technical Observations * The share price of Birlasoft is seen rebounding after taking support at the recent breakout area and the rising 20 days EMA (currently placed at | 455) signaling resumption of up move and fresh entry opportunity.. * The stock has recently registered a breakout above five months consolidation range (| 457-393) with strong volume signaling positive price structure. * Going ahead we expect the stock to maintain positive bias head higher towards | 522 levels...
Stock Picks - Buy Birlasoft Ltd For Target Rs.522 - ICICI Direct
ITC Limited * On the weekly chart, the stock has rebounded from its earlier breakout zone of 220 levels which remains a crucial support zone * The stock has recaptured its 20 and 50day SMA (232) which reconfirm bullish sentiments * On the weekly and monthly chart, the stock continue to move in higher tops and higher bottoms formation indicating sustained up trend * The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well ...
Weekly Tech Picks - ITC Ltd, BSE Ltd, Shipping Corporation Of India Ltd, Birlasoft Ltd By Axis Securities
Technical Observations * The share price of Birla Soft has resumed uptrend after higher base formation above 50 day EMA, signalling resumption of uptrend and fresh entry opportunity * The stock has merely retraced less than 38.2% retracement of May-June rally, suggesting shallow retracement and robust price structure * We expect the stock to maintain positive bias and head higher towards | 472 levels as it is the 161.8% external retracement of recent decline (| 446-393) * The...
Stock Picks - Buy Birlasoft Ltd For Target Rs.472 - ICICI Direct
Buy Birlasoft Ltd For Target Rs.500 Strong broad-based demand; talent crunch only constraint * Management remains confident of accelerating revenue growth on the back of broadbased demand and increased traction in the areas of Cloud, Digital and Cybersecurity. While the shortage of talent is a constraint on achieving higher growth (20%), BSOFT is confident of delivering revenue growth in the mid-teens in FY22. * BSOFT expects strong growth in deal ACV; however, TCV growth may remain ...
Buy Birlasoft Ltd : Strong broad-based demand; talent crunch only constraint - Emkay Global
Technical Observations * The share price of Birla Soft has witnessed a breakout above its last three weeks range (| 420-387) signaling resumption of up trend thus offers fresh entry opportunity * We expect the stock to head towards | 460 levels in the coming weeks as it is 161.8% external retracement of recent breather seen from (| 434-387) * Key point to highlight since May 2021 the stock has managed to hold the key support of 20 day EMA, highlighting elevated buying demand. In...
Stock Picks - Buy Birlasoft Ltd For Target Rs. 460 - ICICI Direct
Healthy operational performance… Birlasoft Ltd’s (Birlasoft) dollar revenues increased 3.2% QoQ to US$123.3 million, mainly led by healthy growth across verticals. The manufacturing vertical increased 3.7% QoQ, E&U up 3.2% QoQ, lifescience up 4.0% QoQ. EBITDA margin increased 48 QoQ (up 401 bps YoY) to 16.9%. Overall TCV for FY21 was at US$888 million (up 33% YoY and book to bill ratio of 1.9x). Birlasoft recommended a dividend of | 2.5/share. Healthy deal win...
Buy Birlasoft Ltd For Target Rs. 315 - ICICI Direct
Robust operating performance; upgrade to Buy * Birlasoft reported in-line revenue performance in Q4, while EBITM surprised positively. Revenue grew 3.2% QoQ to USD123.3mn (3.0% CC). Despite the impact of salary hike, EBITM expanded 80bps QoQ to 14.9% and came in 220bps ahead of our expectations. * Deal intake remained strong in Q4, with a TCV of USD325mn (net new USD162mn), taking total deal intake to USD888mn for FY21 (up ~33% YoY). With strong deal intake and a healthy deal pipeline (...
Buy Birlasoft Ltd For Target Rs.330 - Emkay Global
Momentum Pick - Buy Birlasoft Ltd For Target Rs. 260 - HDFC Securities After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce. Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance The short term trend seems to have turned positive. We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart Volume ha...
Momentum Pick - Buy Birlasoft Ltd For Target Rs. 260 - HDFC Securities
Technical Observations * The IT index after the last six weeks breather has resumed fresh up move in the last two weeks. The midcap IT stocks are witnessing strong momentum and resuming primary up trend * The share price of Birla Soft has formed a higher base at the rising 100 days EMA and the rising demand line joining lows since September 2020 as can be seen in the adjacent chart * In the daily chart it has formed a bullish double bottom at the support area and has witnessed a brea...
Stock Picks - Buy Birla Soft Ltd For Target Of Rs. 268 - ICICI Direct
Margin continues to improve… Birlasoft Ltd’s (Birlasoft) dollar revenues increased 3.3% QoQ (up 2.3% YoY) to US$119.5 million, mainly led by healthy growth across verticals. The manufacturing vertical increased 2.9% QoQ, BFSI up 3.4% QoQ, lifescience up 5.1% QoQ. EBITDA margin increased 247 QoQ (up 350 bps YoY) to 16.4% mainly led by higher utilisation & SG&A rationalisation. PAT increased 39.4% QoQ (up 32.6% YoY) mainly led by higher operating margins and lower tax r...
Buy Birlasoft Ltd For Target Rs. 310 - ICICI Direct
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