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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
HSBC recommends buy on Persistent Systems
HSBC has a buy recommendation on Persistent Systems for target of Rs 740 per share. It says the stock has decent valuations in an improving outlook and weakness in offshore software development acknowledged. It adds that recent acquisitions, strong client adds to growth and bulk of earnings & valuation downgrades are in price.