Good fundamentals. Good Management. Acquisitions will start adding to revenue. US elections won`t have much effect on outsource product development market. Definitely a multibagger for long term. - My target for Persistent is Rs 750 for the short term with a stoploss of Rs 590
1.01 PM Nov 29th
Not really, Brexit & upcoming Trump curbs on IT, Pharma outsourcing to keep pressure for 3-5 years ahead. weak rupee is a short term thing, Rate cut by RBI may strengthen rupee instead of weakening on the prospects of better economic growth which is now stalled by Demonetization
3.23 PM Nov 25th
Prefer Educomp Sol over TCS & Infosys due to extremely overvalued status of TCS & Infosys at current level. Brexit is likely to hurt both IT majors for atleast 1 more year & ahead Trump Administration`s ban or curb on IT outsourcing will also prove to be bad for both companies. I see
12.23 PM Nov 25th
We also understand the model bro. If H1B visas will be a prob then either companies will hire from US or more work will be outsourced. In first case there might be a short term impact on bottomline but outsourcing can`t be done away with, it has become an integral part pf globalisation and no one
6.06 PM Nov 24th
TCS seen greatly impacted by upcomign Trump restrictions on Visa, IT-outsourcing & IT spending.
12.23 PM Nov 24th
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