March 21, 2023 09:50 AM IST

Macro uncertainties cast shadow on IT services, mixed views on preferred stocks

Analysts remain cautious on the IT services sector amid growing macro volatility and demand uncertainties. Morgan Stanley has a ‘buy’ rating on Infosys, Tech Mahindra, Persistent Systems and Coforge. Jefferies believes Infosys, TCS, and HCL are better placed

Hot Stocks | Bandhan Bank, Eicher Motors, Persistent Systems may fetch good returns in a falling market

Eicher Motors has violated the crucial support of Rs 3,090 on closing basis. It took resistance at 200-day SMA in the recent pullback and resumed down trend.

Trading in times of correction: Top 10 ideas from experts for next 3-4 weeks

The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark

Hot Stocks: Here's why 10-17% return possible in Maruti Suzuki, Persistent Systems, Carborundum Universal in short-term

Carborundum Universal took strong support at 20-month SMA and sustaining at 11-month high. This shows overall bullish undertone of the prices.

Accumulate Persistent Systems; target of Rs 4697: KR Choksey

KR Choksey recommended accumulate rating on Persistent Systems with a target price of Rs 4697 in its research report dated January 21, 2023.

Neutral Persistent Systems; target of Rs 4360: Motilal Oswal

Motilal Oswal recommended Neutral rating on Persistent Systems with a target price of Rs 4360 in its research report dated January 20, 2023.

Buy Persistent Systems; target of Rs 4840: Anand Rathi

Anand Rathi is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4840 in its research report dated January 20, 2023.

Buy Persistent Systems; target of Rs 4920: ICICI Direct

ICICI Direct is bullish on Persistent Systems recommended buy rating on the stock with a target price of Rs 4920 in its research report dated January 20, 2023.

Buy Persistent Systems; target of Rs 5010: Sharekhan

Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 5010 in its research report dated January 19, 2023.

Buy Persistent Systems; target of Rs 5230: HDFC Securities

HDFC Securities is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 5230 in its research report dated January 19, 2023.

Persistent Consolidated December 2022 Net Sales at Rs 2,169.37 crore, up 45.43% Y-o-Y

Buy Persistent Systems; target of Rs 4500: Emkay Global Financial

Emkay Global Financial is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4500 in its research report dated January 19, 2023.

Persistent Standalone December 2022 Net Sales at Rs 1,307.23 crore, up 40.77% Y-o-Y

Hot Stocks: Mrs Bectors Food Specialities, Tata Steel, Persistent Systems can give at least 10% return in short term; here's why

Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.

Trade Spotlight: What should you do with Persistent Systems, AIA Engineering, SAIL on Friday?

SAIL was up 1.5 percent at Rs 92.1, the highest closing level since May 5, 2022 and formed decent bullish candle on the daily charts with higher high higher low formation for second consecutive session. It has given a nice breakout of 'Mother Candle' formed on January 2 in previous session and maintained uptrend for yet another session, with strong volumes.

Persistent Systems gains on strong Q3 show, Macquarie sees 100% upside

The midcap IIT firm's revenue grew 5.9 percent quarter-on-quarter to Rs 2,169.4 crore and dollar revenue rose 3.4 percent to $264.35 million in the October-December period

Market Live: Weak setup for Nifty, FIIs net sellers | Siemens, Federal Bank in focus | Opening Bell

Technical indicators show no cheer for Nifty, weak macro data should keep bulls on backfoot. Meanwhile, global cues are fairly muted with the SGX Nifty marginally in the red. China GDP grows by 3% that exceeded some expectations but still grew at one of the weakest rates in 40 years owing to the Covid-19 pandemic and a real estate crisis. Stocks in focus: Federal Bank, Siemens, Persistent Systems.

F&O Buzzer: Persistent Systems sees short covering as stock recovers

The IT sector has been buzzing the entire week. Analysts are expecting some companies to report a slowdown in growth and traders have started positioning themselves for such a scenario.

Hot Stocks | Persistent Systems, GMR Infrastructure, UltraTech Cement can give 11-19% return in short-term; here's why

Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.

Top 10 trading ideas for December series as market seems ready for new highs

According to experts, 18,450-18,500 is likely to be a crucial area for further upside. If the said zone sustains, then new highs are possible in the coming days, with support at 18,300, followed by 18,000 levels

Persistent Systems launches cyber recovery solution with Google Cloud

The Persistent Intelligent Cyber Recovery (PiCR) solution provides a comprehensive and scalable cyber recovery approach

Buy Persistent Systems; target of Rs 4410: Anand Rathi

Anand Rathi is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4410 in its research report dated October 21, 2022.

Buy Persistent Systems; target of Rs 4300: Sharekhan

Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4300 in its research report dated October 20, 2022.

Buy Persistent Systems; target of Rs 3950: Emkay Global Financial

Emkay Global Financial is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 3950 in its research report dated October 21, 2022.

Accumulate Persistent Systems; target of Rs 4131: KR Choksey

KR Choksey recommended accumulate rating on Persistent Systems with a target price of Rs 4131 in its research report dated October 21, 2022.