New Delhi: Stock Market Santosh Singh recommended investors to buy shares of Birlasoft. While suggesting the IT stock, the expert shares the target price and Stop Loss for the scrip. He also advised people to invest their money in HCL Tech, Happiest Minds and Latent View Analytics.
Birlasoft share price target
Appearing on Money9, Singh said Birlasoft shares can be purchased with a target price of Rs 785-815. The expert advised shareholders to maintain a strict Stop Loss of Rs 705. Backing the IT stock, he said that the counter is reasonably valued and has delivered good results even at a time when other Information Technology companies were not performing as per the expectations. Birlasift’s growth is good as compared to its IT peers, Singh added.
Birlasoft share price history: The IT stock has gained over 100 per cent in the last 1 year. Birlasoft share price closed at Rs 731.40 on NSE on July 12, 2024.
Birlasoft is a leading IT services and solutions provider in India. It is a part of the CK Birla Group, which has over 35,000 employees and 49 manufacturing facilities globally.
In its financial results for the year ended March 31, 2024, Birlasoft mentioned that the revenue during the increased grew 12.7 per cent, after excluding Invacare contribution in FY’23 revenue, to Rs 52,781 million. A strong margin performance was reported with EBITDA margin
expanding to 15.8%.
Stocks to invest
When asked to suggest more IT stocks for investment, the market expert said investors should look to buy shares of companies engaged in Data science and Artificial Intelligence. He said people can opt to invest in shares of Happiest Minds Technologies and Latent View Analytics. The expert further advocated for HCL Tech stock, saying that the scrip is reasonably valued. However, the expert did not provide target price for the three mentioned stocks.
Happiest Minds share price closed at Rs 829.85, Latent View Analytics at Rs 532 and Rs HCL tech at Rs 1561.5 on July 12, 2024.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stock Market Santosh Singh suggested stock market enthusiasts to buy shares of Birlasoft, HCL Tech, and Happiest Minds and Latent View Analytics. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
