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Inventurus Knowledge Solutions Gets 'Hold' On Jefferies Initiation

With pricey valuations at a 50-90% premium to peers, the upside to IKS stock is limited, Jefferies said in a note.

<div class="paragraphs"><p>Inventurus Knowledge Solutions offers tech-enabled outsourcing solutions to US-based healthcare providers to help reduce their operating costs.&nbsp;(Representative image. Photo source: Envato)</p></div>
Inventurus Knowledge Solutions offers tech-enabled outsourcing solutions to US-based healthcare providers to help reduce their operating costs. (Representative image. Photo source: Envato)
Inventurus Knowledge Solutions Ltd., a recently listed IT outsourcing firm, received a 'hold' rating on its stock as Jefferies initiated coverage. It placed a target price of Rs 1,575 per share.The brokerage expects the company to achieve a 14% compounded annual growth rate in dollar revenues in two years to $412 million, driven by increasing outsourcing and integrated offerings. This, combined with improving operating margins and de...
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