The brokerage sees potential for a ‘significant’ re-rating of the stock as valuations are expected catch up with its peer group on strong growth in FY23. The valuation of the mid-sized IT company, owned by the RPG Group, at an estimated Price to Earnings (PE) ratio of 12 times is one of the lowest among the mid-cap stocks it tracks.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
While bulls were a confident lot after the election results, with every trading session they are once again moving to take control of every corner