Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
811.55
Change Change %
-13.20 -1.60%

Updated:21 Sep, 2018, 15:57 PM IST

BSE
811.10
Change Change %
-13.55 -1.64%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
HDFC Securities
N/A
23-03-2016 Buy 727.60 800.00
N/A
Closed Long (1Y)
23-03-2017

HDFC Securities maintains buy on Persistent Systems

HDFC Securities has maintained buy on Persistent Systems for target price of Rs 800 per share. It believes that its deal with IBM is a strategic partnership and overall investments to dent margins by 200-250 basis points over two years. It has cut FY'17 EPS estimate by 1.7 per cent and sees FY'17 dollar revenue growth of 27 per versus 13 per cent earlier.

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