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Persistent Systems Q3 FY24 – Industry-leading performance at a steep valuation

Madhuchanda Dey   •

Given the traction in order inflows, the company is confident of growing in the leaders quadrant

While all seems to be great, the valuation at 1.7x PEG (price earning to growth) leaves little room for error. Investors should patiently wait for a correction to buy into this business

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More