CAPMF - Capgemini: Rating Upgrade On Visibility In Growth Recovery And Margin Expansion
2024-03-07 21:31:54 ET
Summary
- I upgrade CAPMF to buy on improving growth outlook and margin expansion.
- Management expects 0 to 3% revenue growth in FY24 and 13.3 to 13.6% margin in FY24.
- Margin should expand due to cost structure improvements and labor productivity gains.