Moneycontrol Be a Pro
Get App
Last Updated : Nov 11, 2019 04:46 PM IST | Source: Moneycontrol.com

Buy Persistent Systems target of Rs 680: Sharekhan

Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 680 in its research report dated November 06, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Persistent Systems


Delivered strong revenue growth led by broad-based performance; EBIT margin remained marginally below our expectations. Alliance business delivered strong growth of 6.1%; management sees good opportunities in IBM alliance business. Recent deal wins, new logo additions and yields from rebranding activities to drive revenue growth ahead, however margins to remain under pressure in coming quarters.


Outlook


We upgrade our rating from Hold to Buy on Persistent Systems Limited (PSL) with a revised PT of Rs. 680.

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.



Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Nov 11, 2019 04:46 pm
Loading...
Follow us on
Available On