External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Persistent Systems (PSYS) is poised to sustain its outperformance with continued growth and margin improvement in the medium term</li><li>Key positives include (1) a strong pedigree in product engineering services that drives leadership in new spend areas, (2) consistency in deal velocity and growth drivers from large clients, (3) notable market-share gains against tier-1 competitors in several large deals, (4) recent additions to senior management aimed at enhancing business scalability, (5) margin drivers from utilisation, fixed price deals, and diversification in the offshore cost base.</li><li>We maintain BUY on PSYS (our preferred pick) with a target price of INR 8,530, based on a 35x FY26E valuation supported by a 28% EPS CAGR over FY24-26E. </li></ul><p><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></p>

Persistent Systems (PSYS) is poised to sustain its outperformance with continued growth and margin improvement in the medium termKey positives include (1) a strong pedigree in product engineering services that drives leadership in new spend areas, (2) consistency in deal velocity and growth drivers from large clients, (3) notable market-share gains against tier-1 competitors in several large deals, (4) recent additions to senior management aimed at enhancing business scalability, (5) margin drivers from utilisation, fixed price deals, and diversification in the offshore cost base.We maintain BUY on PSYS (our preferred pick) with a target price of INR 8,530, based on a 35x FY26E valuation supported by a 28% EPS CAGR over FY24-26E. 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: Outperformance to Continue. Maintain BUY