Birlasoft Shares Plunge on Downgrade

Published 1 year ago

Birlasoft (BIRS.NS) shares fell nearly 5% after BOBCaps downgraded the stock to “sell,” citing weak performance and a lowered price target. Concerns center around flattish revenue expectations and vulnerability to spending cuts.

BOBCaps lowered PT to 342 rupees.
Birlasoft labeled 'weakest Q4 performer'.
YTD decline for BIRS is 28%.

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