External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>About the stock: Persistent System (Persistent) offers cloud, data, product &amp; design led services to BFSI, healthcare &amp; hi tech verticals.</p><ul><li>Persistent has shown a healthy turnaround in dollar revenue growth of 13% YoY in FY21 and margin expansion of 248 bps</li><li>Net debt free and healthy double digit return ratio (with RoCE of 20%)</li></ul><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>

About the stock: Persistent System (Persistent) offers cloud, data, product &amp; design led services to BFSI, healthcare &amp; hi tech verticals.Persistent has shown a healthy turnaround in dollar revenue growth of 13% YoY in FY21 and margin expansion of 248 bpsNet debt free and healthy double digit return ratio (with RoCE of 20%)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: Services Revenues Continue Their Strong Performance