External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>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%.</p>
<p>Persistent Systems on 30th Sep’21 announced entering into an agreement to acquire Charlotte, North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360, as well as the business of East Brunswick, New Jersey-based Shree Partners including its subsidiary in India.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

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 on 30th Sep’21 announced entering into an agreement to acquire Charlotte, North Carolina-based Software Corporation International (SCI) and its affiliate, Fusion360, as well as the business of East Brunswick, New Jersey-based Shree Partners including its subsidiary in India.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Persistent Systems: Capability-Based Strategic Acquisitions to Drive Growth