ICICI Securities Recommends 'BUY' on Aditya Infotech, Sets INR 1,800 Target

• ICICI Securities initiates coverage on Aditya Infotech (AIL) with a 'BUY' rating.
• Target price set at INR 1,800, based on a DCF valuation.
• AIL's competitive advantages include STQC-certified portfolio, multi-center R&D, and strong channel reach.
• Company is well-positioned for market share gains and profitable growth due to compliance-led demand and CP PLUS brand equity.
• ICICI Securities projects AIL India to achieve revenue/PAT CAGRs of 24.3%/65.2% over FY25–28E.

Why It Matters: ICICI Securities recommends buying Aditya Infotech with a target of INR 1,800, citing strong growth prospects.