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Is the current consolidation the right opportunity to go long on Persistent?

The current consolidation phase is an opportunity for long-term investors to gradually accumulate Persistent

February 26, 2021 / 10:10 AM IST
Is the current consolidation the right opportunity to go long on Persistent?

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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 - Persistent Systems, a big outperformer, has been consolidating of late - Strong revenue uptick, broad-based contribution - Margin improves further, likely to sustain - Strong deal win, optimistic about future growth - Long-term goal bakes in accelerated growth - Valuation discount to peer group stocks presents an opportunity  Persistent Systems (CMP: Rs 1644, Market Cap: 12,565 crore), a mid-tier IT company, has been a stellar outperformer in the past one year. The solid execution along with uptick in margin and healthy order booking only bolsters...

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