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Why investors should book profit in Persistent Systems

The execution on the services side has been good, but concerns on sustainability remain for Persistent Systems

August 31, 2020 / 10:34 AM IST
Why investors should book profit in Persistent Systems

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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 - Strong quarter on revenue front - Little exposure to verticals impacted by Covid - Margin improves on lower sales and marketing expenses - Order inflow strong and outlook encouraging - Exit of new CEO to be monitored - Great rally, full valuation, book gains Persistent System (CMP: Rs 1,015, Market Cap: Rs 7,759 crore ) had a stellar run in the past three months on stock markets, with a staggering surge of 82 per cent against gains in Nifty of 16 per cent and IT...

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