Only Dolat capital covers it and has a target of Rs 6260
But my view is this may get re-rated beyond standard valuation framework. As people deep dive and do comparative valuation with other IT companies which have slowed to almost zero growth and are impacted by looming US slowdown, they may be willing to pay a premium for OFSS as it has diversified portfolio of global banks (60% in developing world) and a robust SaaS product portfolio (huge op leverage as license fees compared to headcount services biz).
Still slightly lower than valuations of Newgen/Intellect/Temenos .
Disc: Not investment advice. Too expensive for my taste beyond 4000 
| Subscribe To Our Free Newsletter |
