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Jan 03, 2018 03:36 PM IST | Source: CNBC-TV18

Stay invested in Persistent Systems: Shahina Mukadam

Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in Persistent Systems.

CNBC TV18 @moneycontrolcom

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "One should continue holding Persistent Systems. I think with accelerated demand coming in from the digital space where you have a lot of scope for innovation and growth, I think Persistent is well placed to capitalise on this. So, I think in terms of numbers also the company is reporting decent set of numbers."

"I would continue holding this stock, I think there is definitely an appreciation from here on. The investor can look for a very near term target of something like Rs 720 but keep a deep stoploss of Rs 650. I think one should continue holding and review it as it will to some extent depend on also how the market moves. So review it at some decent intervals, but there is no problem with the stock for the longer term," she said.
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