Information Technology: Moderating, yet Strong
IT index is up >40% (mid-tier >100%) over the past year, supported by (1) earnings upgrade of ~5% for tier-1 IT and ~20% for mid-tier IT and...
304 Views
Persistent Systems: Robust Business; Strong Execution
We recommend a BUY rating on the stock and assign a 38x P/E multiple to its FY24E earnings of Rs 126.8/share to arrive at a TP of Rs 4,820/share,...
109 Views
Persistent Systems: Robust Business; Strong Execution
We recommend a BUY rating on the stock and assign a 36x P/E multiple to its FY24E earnings of Rs 126.7/share to arrive at a TP of Rs 4,520/share,...
66 Views
Persistent Systems: Capability-Based Strategic Acquisitions to Drive Growth
We assign 43x to its FY23E earnings of Rs 96 and arrive at a target price of Rs 4,100/share with an upside of 10%. Persistent Systems announced...
221 Views
Persistent Systems: Robust Business, Strong Execution
We recommend a BUY rating on the stock and assign a 35x P/E multiple to its FY23E earnings of Rs 96/share, which gives a TP of Rs 3,400/share,...
142 Views