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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang recommends selling Persistent Systems
Nirmal Bang has recommended selling Persistent Systems for target price of Rs 573. It says Persistent's management at its analysts' meet did not give signs of revenue acceleration and margin improvement. Nirmal Bang added that on the digital side, its competitive landscape has altered a bit with consulting firms like Deloitte and KPMG also pitching for downstream in IT services.