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    HomeNewsBusinessStocksBuy Persistent; target of Rs 780: Prabhudas Lilladher

    Buy Persistent; target of Rs 780: Prabhudas Lilladher

    Prabhudas Lilladher is bullish on Persistent and has recommended buy rating on the stock with a target price of Rs 780 in its research report dated January 27, 2016.

    January 27, 2016 / 18:00 IST

    Prabhudas Lilladher's research report on PersistentPersistent Systems (PSYS’) Q3FY16 performance was above our expectation. Revenue growth was led by strong growth in IP and Enterprise business. Company has been able to significantly scale up revenues from enterprise customers and we see this as a medium term positive. Retain our ‘BUY’ rating with TP of Rs 780. Retain BUY with TP of Rs 780 based on 16x Dec‐17 EPS

    For all recommendations, 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.

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    first published: Jan 27, 2016 06:00 pm

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