We had recommended Persistent Systems (CMP:Rs 3511, M Cap: Rs 26,386 crore) at a price of Rs 1,644 and that was perhaps a golden opportunity to pick up the stock that had since (in the past seven months) rallied 119 per cent against an 18 per cent gain in Nifty and 41 per cent in the IT index. While prima facie the valuation looks expensive, seen in the context of the valuation of global pure play digital players, there is...
Moneycontrol Pro Panorama | Taxpayers feel unloved, here's another instance why
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In today’s edition of Moneycontrol Pro Panorama: Weekly Tactical, IPO Street, the rain dance, Zomato’s name change and more
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A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance
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