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    HomeNewsBusinessStocksBuy Persistent Systems; target of Rs 5170: ICICI Direct

    Buy Persistent Systems; target of Rs 5170: ICICI Direct

    ICICI Direct is bullish on Persistent Systems recommended buy rating on the stock with a target price of Rs 5170 in its research report dated April 26, 2023.

    Broker Research
    April 28, 2023 / 13:02 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report on Persistent Systems

      Persistent Systems (Persistent) offers cloud, data, product & design led services to BFSI, healthcare & hi-tech verticals. • Persistent had a strong year (FY23) with revenue growth of 35.2% in dollar terms & rupee revenue growth of 46.2% • Net debt free and healthy double digit return ratio (with RoCE of 20%).

      Outlook

      We maintain our BUY rating on the stock. We value Persistent at Rs 5,170 i.e. 26x P/E on FY25E.

      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.

      Persistent Systems - 27 -04 - 2023 - icici

      Broker Research
      first published: Apr 28, 2023 01:02 pm

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