Among Tier-I IT firms, HCLTech had the highest billable revenue per employee at $17,822 in Q2, growing 5.2 per cent YoY, according to estimates by UnearthInsight.
Kalra told Moneycontrol that the company will not file for any new H-1B visas either, to avoid further impact of the US President Donald Trump government’s changing visa policies.
Motilal Oswal is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6550 in its research report dated October 14, 2025.
Prabhudas Lilladher is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6280 in its research report dated October 15, 2025.
ICICI Securities recommended hold rating on Persistent Systems with a target price of Rs 5220 in its research report dated October 15, 2025.
Stocks to watch, 15 October: Stocks like Tech Mahindra, Persistent Systems, ICICI Lombard General Insurance Company, Cyient DLM, Thyrocare Technologies, Kolte-Patil Developers, Sula Vineyards, Ashiana Housing, Keystone Realtors, Saatvik Green Energy, Mishra Dhatu Nigam, G R Infraprojects, and Hyundai Motor India will be in focus on October 15.
On September 5, weak US labour data, disappointing fourth quarter earnings and guidance by UK-based IT major Endava weighed on IT stocks
Persistent Systems CEO Sandeep Kalra is hopeful that the macro uncertainties due to Trump’s tariffs and delayed decision making by clients will start to stabilise over the next one or two quarters.
Deven Choksey recommended accumulate rating on Persistent Systems with a target price of Rs 5790 in its research report dated July 29, 2025.
Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6600 in its research report dated July 24, 2025.
Motilal Oswal is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6800 in its research report dated July 23, 2025.
At close, the Sensex was down 542.47 points or 0.66 percent at 82,184.17, and the Nifty was down 157.80 points or 0.63 percent at 25,062.10. About 1564 shares advanced, 2324 shares declined, and 155 shares were unchanged.
Prabhudas Lilladher recommended Hold rating on Persistent Systems with a target price of Rs 5890 in its research report dated July 24, 2025.
IT services firms have noted the elevated macro and geopolitical uncertainty may cause a near-term blip, as clients take a more cautious stance.
Persistent Systems' revenue for the quarter ended June grew by 3.3 percent in constant currency terms to $389.7 million.
Stocks to Watch, 24 July: Stccks like Infosys, Dr Reddys Laboratories, Tata Consumer Products, Cigniti Technologies, Force Motors, Natco Pharma, IndusInd Bank, BEML, and Tilaknagar Industries will be in focus on July 24.
Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 7000 in its research report dated June 17, 2025.
Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trading ideas to consider.
The market is expected to remain cautious and continue consolidating in the upcoming sessions. Below are some short-term trading ideas to consider.
The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled out. Below are some short-term trading ideas to consider.
UnitedHealth is among Persistent’s top clients and falls in the $100 million-plus revenue bracket.
Market sentiment is expected to remain positive. Below are some short-term trading ideas to consider.