ICICI Direct's research report on Persistent Systems
Persistent System (Persistent) offers cloud, data, product & design led services to BFSI, Healthcare & Hi Tech verticals • Persistent had a strong year with revenue growth of 35.2% in dollar terms, out of which organic growth was 32.8% • Net debt free and healthy double digit return ratio (with RoCE of 20%).
We maintain BUY rating on the stock. We value Persistent at Rs 5,075 i.e. 36x P/E on FY24E.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.