Fractal Analytics is a strong buy for Prabhudas Lilladher
Business
Prabhudas Lilladher just gave Fractal Analytics a "buy" rating, targeting ₹1,110 for the stock.
Why? The company posted a strong quarter: revenue jumped 21% to ₹854 crore and net profit crossed ₹100 crore.
Fractal is pivoting toward output-based billing and developing product offerings
Fractal is holding onto clients and growing fast, with high client retention and six clients generating more than $20 million in revenue.
Most of the growth came from healthcare and the banking and financial services (BFS), which saw major jumps.
Plus, Fractal Alpha was down 13.3% QoQ and up 29% YoY, and the company is pivoting toward output-based billing and developing product offerings.
If you're watching tech stocks that are actually delivering results, this one's worth a look.