ICICI Securities has add call on Computer Age Management Services with a target price of Rs 2548. The current market price of Computer Age Management Services is Rs 2482.
Investment Rationale
The brokerage now factors earnings CAGR of 16% between FY21-23E which is earnings upgrade of 9.4%/8.6% in FY22/23E. It maintains ADD with revised target price of Rs2,548 (earlier: Rs2,085) based on 45x (earlier 40x) FY23 EPS of Rs56.6.
Investment Rationale
The brokerage now factors earnings CAGR of 16% between FY21-23E which is earnings upgrade of 9.4%/8.6% in FY22/23E. It maintains ADD with revised target price of Rs2,548 (earlier: Rs2,085) based on 45x (earlier 40x) FY23 EPS of Rs56.6.
Promoter/FII Holdings
Promoters held 31 per cent stake in the company as of March 31, 2021, while FIIs held 29.6 per cent, DIIs 5.7 per cent and public and others 21 per cent.
(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
