BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
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.