This projection is based on the current trends and the performance of Birlasoft in the recent quarter, which seems to have led to the revised expectations. The downgrade and price target adjustment by Macquarie reflect a significant shift in the firm's outlook for Birlasoft, moving from a previously positive stance to a more cautious one. The new price target of INR350.00 represents a substantial reduction from the previous target of INR640.00, setting a more tempered expectation for the company's stock performance in the near term. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.