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Why we see Persistent Systems emerging as a winner

Consistent performance and right capabilities should help this mid-cap IT company tackle the ongoing macro challenge

March 15, 2023 / 09:35 AM IST
Why we see Persistent Systems emerging as a winner

Persistent operates in very high growth areas of the IT sector — Digital, Software Platform Engineering, Design-led Transformation, Data, AI, Cloud-enabled Enterprise Modernisation and IoT, which should see momentum continuing for long (Representative Image: Shutterstock)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Strong revenue traction, confident of industry leading growth Reduced reliance on top client Order wins healthy Margin outlook positive Attrition declining could support margin Stock a great bet to add on weakness Persistent Systems (CMP: Rs 4533 Rs Market Cap: Rs 34,644 crore) — one of our top mid-cap IT picks — has outperformed both Nifty and the IT index in the past three months. With a consistent performance and right capabilities, we expect it to wade through the ongoing macro noise well. Strong revenue traction,...

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