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Persistent surges on launching Generative AI Solutions in Partnership with Google Cloud Persistent Systems is currently trading at Rs. 4740.05, up by 42.75 points or 0.91% from its previous closing of Rs. 4697.30 on the BSE. The scrip opened at Rs. 4700.40 and has touched a high and low of Rs. 4758.70 and Rs. 4691.60 respectively. So far 9733 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the scr...
Persistent surges on launching Generative AI Solutions in Partnership with Google Cloud
Persistent surges on launching Generative AI Solutions in Partnership with Google Cloud
Source: IANS
31/07/2023 3:00:31 PM
Persistent Systems inches up on launching private equity value creation hub in Plano Persistent Systems is currently trading at Rs. 4992.95, up by 11.20 points or 0.22% from its previous closing of Rs. 4981.75 on the BSE. The scrip opened at Rs. 4959.95 and has touched a high and low of Rs. 4991.65 and Rs. 5007.05 respectively. So far 16593 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the sc...
Persistent Systems inches up on launching private equity value creation hub in Plano
Persistent Systems inches up on launching private equity value creation hub in Plano
Source: Accord Fintech
16/06/2023 10:26:13 AM
Persistent Systems inches up on expanding relationship with Zscaler Persistent Systems is currently trading at Rs. 4978.90, up by 14.40 points or 0.06% from its previous closing of Rs. 4964.50 on the BSE. The scrip opened at Rs. 4959.95 and has touched a high and low of Rs. 4984.30 and Rs. 4906.90 respectively. So far 2068 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the scr...
Persistent Systems inches up on expanding relationship with Zscaler
Persistent Systems inches up on expanding relationship with Zscaler
Source: Accord Fintech
15/06/2023 10:22:33 AM
Persistent Systems rises on expanding relationship with AWS Persistent Systems is currently trading at Rs. 5011.00, up by 31.00 points or 0.62% from its previous closing of Rs. 4980.00 on the BSE. The scrip opened at Rs. 4980.10 and has touched a high and low of Rs. 5036.10 and Rs. 4968.45 respectively. So far 8265 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5278.50 on 02-Jun-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the scr...
Persistent Systems rises on expanding relationship with AWS
Persistent Systems rises on expanding relationship with AWS
Source: Accord Fintech
7/06/2023 2:47:06 PM
Buy Persistent Systems Ltd For Target Rs.4,870 - ICICI Direct Aiming for industry leading growth; top client recovery likely sustainable… About the stock: Persistent Systems (Persistent) offers cloud, data, product & design led services to BFSI, healthcare & hi-tech verticals.            * Persistent had a strong year (FY23) with revenue growth of 35.2% in dollar terms & rupee revenue growth of 46.2%            * Net debt free and healthy double digit retur...
Buy Persistent Systems Ltd For Target Rs.4,870 - ICICI Direct
Buy Persistent Systems Ltd For Target Rs.4,870 - ICICI Direct
Source: ICICI Direct
1/05/2023 11:51:21 AM
Buy Persistent Systems Ltd For Target Rs.4,870 - Motilal Oswal Industry leading valuation to limit further upside; reiterate Neutral * Persistent Systems (PSYS) delivered 4QFY23 revenue of USD274.6m (+3.5% QoQ in CC/ +3.9% QoQ, ahead of our estimate of +3.0% QoQ in CC). 4Q growth was led by Services business (+5.5% QoQ), while IP-led business declined 14.6% QoQ due to seasonality. EBITDA margin was in line at 18.5%, as lower employee cost was offset by a spike in software royalty cost. PSYS added 1.9k employees in 4QFY23, despite moderating attrition ...
Buy Persistent Systems Ltd For Target Rs.4,870 - Motilal Oswal
Buy Persistent Systems Ltd For Target Rs.4,870 - Motilal Oswal
Source: Motilal Oswal Financial Services
27/04/2023 12:32:32 PM
Persistent Systems surges on reporting 25% rise in Q4 consolidated net profit Persistent Systems is currently trading at Rs. 4480.45, up by 39.65 points or 0.89% from its previous closing of Rs. 4440.80 on the BSE. The scrip opened at Rs. 4423.25 and has touched a high and low of Rs. 4498.15 and Rs. 4363.25 respectively. So far 21840 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5131.15 on 21-Feb-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the sc...
Persistent Systems surges on reporting 25% rise in Q4 consolidated net profit
Persistent Systems surges on reporting 25% rise in Q4 consolidated net profit
Source: Accord Fintech
25/04/2023 3:43:31 PM
Persistent gains on launching dedicated Microsoft Viva Practice Integrated with Generative AI Persistent Systems is currently trading at Rs. 4307.70, up by 23.00 points or 0.54% from its previous closing of Rs. 4284.70 on the BSE. The scrip opened at Rs. 4276.05 and has touched a high and low of Rs. 4317.55 and Rs. 4226.55 respectively. So far 6994 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5131.15 on 21-Feb-2023 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the scr...
Persistent gains on launching dedicated Microsoft Viva Practice Integrated with Generative AI
Persistent gains on launching dedicated Microsoft Viva Practice Integrated with Generative AI
Source: Accord Fintech
21/04/2023 1:48:14 PM
Buy Persistent Systems Ltd For Target Rs.4,500 - Emkay Global Financial Services Strong operating performance; margin outlook ahead of expectations PSYS reported better-than-expected operating performance in Q3. Revenue grew 3.4% QoQ, despite impact of the higher-than-usual furloughs (150bps), lesser working days (50-100bps) and weakness in select clients. Management expects furloughs to extend into the next quarter and impact revenue growth by 50-75bps in Q4. Revenue growth was broad-based across Software, Hi-tech & Emerging industries (4.1% QoQ; ex-top client: 7....
Buy Persistent Systems Ltd For Target Rs.4,500 - Emkay Global Financial Services
Buy Persistent Systems Ltd For Target Rs.4,500 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
6/02/2023 3:10:10 PM
Neutral Persistent Systems Ltd For Target Rs - Motilal Oswal Financial Services Record bookings to drive FY24E growth… …but valuations adequately factor in strong growth; retain Neutral * Persistent Systems (PSYS) reported a 3.5% growth in constant currency (CC) terms in 3QFY23. In USD terms, revenue grew 3.4% QoQ led by strong growth in IP business (+8.6% QoQ) while growth in services was lower at 3.0% QoQ. EBITDA margin was strong and stood at 18.5% (est. 17.9%). Employee addition was modest (+122 QoQ), while attrition moderated 210bp to 21.6%. *...
Neutral Persistent Systems Ltd For Target Rs - Motilal Oswal Financial Services
Neutral Persistent Systems Ltd For Target Rs - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/01/2023 11:38:32 AM
Persistent Systems surges on reporting 35% rise in Q3 consolidated net profit Persistent Systems is currently trading at Rs. 4144.95, up by 183.45 points or 4.63% from its previous closing of Rs. 3961.50 on the BSE. The scrip opened at Rs. 3959.55 and has touched a high and low of Rs. 4161.75 and Rs. 3915.95 respectively. So far 38238 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4950.35 on 05-Apr-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the s...
Persistent Systems surges on reporting 35% rise in Q3 consolidated net profit
Persistent Systems surges on reporting 35% rise in Q3 consolidated net profit
Source: Accord Fintech
19/01/2023 11:54:18 AM
Persistent Systems zooms on strengthening ITES 360 relationship with Microsoft Persistent Systems is currently trading at Rs. 4008.30, up by 137.50 points or 3.55% from its previous closing of Rs. 3870.80 on the BSE. The scrip opened at Rs. 3912.95 and has touched a high and low of Rs. 4012.00 and Rs. 3876.75 respectively. So far 5253 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the sc...
Persistent Systems zooms on strengthening ITES 360 relationship with Microsoft
Persistent Systems zooms on strengthening ITES 360 relationship with Microsoft
Source: Accord Fintech
2/01/2023 2:34:51 PM
Persistent Systems surges on the BSE Persistent Systems is currently trading at Rs. 4068.60, up by 97.75 points or 2.46% from its previous closing of Rs. 3970.85 on the BSE. The scrip opened at Rs. 3945.05 and has touched a high and low of Rs. 4080.10 and Rs. 3945.05 respectively. So far 17730 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the sc...
Persistent Systems surges on the BSE
Persistent Systems surges on the BSE
Source: Accord Fintech
28/11/2022 3:00:22 PM
Persistent Systems rises on launching innovative cyber recovery solution with Google Cloud Persistent Systems is currently trading at Rs. 3684.05, up by 63.10 points or 1.74% from its previous closing of Rs. 3620.95 on the BSE. The scrip opened at Rs. 3631.35 and has touched a high and low of Rs. 3723.80 and Rs. 3631.35 respectively. So far 5534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the scr...
Persistent Systems rises on launching innovative cyber recovery solution with Google Cloud
Persistent Systems rises on launching innovative cyber recovery solution with Google Cloud
Source: Accord Fintech
31/10/2022 3:44:51 PM
Persistent Systems Ltd:Growth resilience and margin surprise in Q2: Buy - Anand Rathi Share and Stock Brokers Persistent was resilient in key metrics despite the top client sliding 21% q/q as it reported 5% q/q (organic) company growth. Tailwinds came from the IP-led business, which surprised, absorbing almost half of the fall. The EBIT margin rose 27bps q/q, absorbing 230bps of the wage-hike impact and was 72bps higher y/y. TCV touched $368m, up 30% y/y and net new TCV was up 53% y/y; no slowdown yet. Management intends to maintain growth; margins would improve as supply challenges seem to be behind...
Persistent Systems Ltd:Growth resilience and margin surprise in Q2: Buy - Anand Rathi Share and Stock Brokers
Persistent Systems Ltd:Growth resilience and margin surprise in Q2: Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
26/10/2022 10:05:13 AM
Persistent Systems surges on reporting 36% rise in Q2 consolidated net profit Persistent Systems is currently trading at Rs. 3693.35, up by 29.50 points or 0.81% from its previous closing of Rs. 3663.85 on the BSE. The scrip opened at Rs. 3660.00 and has touched a high and low of Rs. 3712.15 and Rs. 3584.05 respectively. So far 14778 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 3091.65 on 26-Sep-2022. Last one week high and low of the sc...
Persistent Systems surges on reporting 36% rise in Q2 consolidated net profit
Persistent Systems surges on reporting 36% rise in Q2 consolidated net profit
Source: Accord Fintech
20/10/2022 3:11:22 PM
Neutral Persistent Systems Ltd For Target Rs.3,740 - Motilal Oswal Financial Services Strong performance continues, valuations rich Demand intact, margin stable * PSYS posted a strong 1QFY23. In USD terms, revenue grew 11.1% QoQ (160bp above our estimate, an organic growth of 5.6% QoQ). EBITDA margin stood at 17.7% (est. 16.9%). It reported a TCV of USD394m, with 58% new business TCV. Employee additions, at 3,039, were the highest ever, despite an elevated attrition rate of 26.3% (down 30bp QoQ). * The company maintained a strong performance in Services (+13.5% QoQ) a...
Neutral Persistent Systems Ltd For Target Rs.3,740 - Motilal Oswal Financial Services
Neutral Persistent Systems Ltd For Target Rs.3,740 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/09/2022 2:39:49 PM
Buy Persistent Systems Ltd For Target Rs.4,200- JM Financial Services Confidence booster for FY23 Persistent reported an overall 11.1% QoQ USD revenue growth (5.6% organic) with solid growth in the services business(+13.5% QoQ). Growth leverage and currency gains drove a 30 bps QoQ improvement in EBIT margins to 14.3% , ahead of estimates despite continued investments in hiring. Persistent continued the hiring spree as it added 3k+ employees (+16% QoQ). Record order bookings with TCV of USD 394 mn (+9% QoQ,+61% YoY) and strong hiring momentum provide confide...
Buy Persistent Systems Ltd For Target Rs.4,200- JM Financial Services
Buy Persistent Systems Ltd For Target Rs.4,200- JM Financial Services
Source: JM Financial Institutional Securities Ltd
8/09/2022 3:02:11 PM
Persistent Systems trades in green on the BSE Persistent Systems is currently trading at Rs. 3771.00, up by 51.00 points or 1.37% from its previous closing of Rs. 3720.00 on the BSE. The scrip opened at Rs. 3740.00 and has touched a high and low of Rs. 3844.00 and Rs. 3694.05 respectively. So far 18490 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 2982.50 on 04-Aug-2021. Last one week high and low of the sc...
Persistent Systems trades in green on the BSE
Persistent Systems trades in green on the BSE
Source: Accord Fintech
4/08/2022 3:38:58 PM
Persistent Systems rises on entering into partnership with Monument Bank Persistent Systems rises on entering into partnership with Monument Bank Aug-03-2022   09:59 Hrs IST Persistent Systems is currently trading at Rs. 3669.20, up by 45.65 points or 1.26% from its previous closing of Rs. 3623.55 on the BSE. The scrip opened at Rs. 3595.00 and has touched a high and low of Rs. 3710.00 and Rs. 3585.75 respectively. So far 6780 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of...
Persistent Systems rises on entering into partnership with Monument Bank
Persistent Systems rises on entering into partnership with Monument Bank
Source: Accord Fintech
3/08/2022 10:19:29 AM
Buy Persistent Systems Ltd For Target Rs.4,290 - Anand Rathi Share and Stock Brokers Building up on client profiles, margins surprise: Buy Persistent had a steady quarter growing 5.3% q/q (organic) and the EBIT margin improving 27bps. It integrated two months of Media Agility and is now not looking at acquisitions as management focuses on integration. TCV touched $394m, up 61% y/y and net new TCV was up 56% y/y, reflecting no concerns on the macro side. Management intends to maintain the growth momentum with an upward margin bias, though Q2 will have a wage-hike impact. Hi...
Buy Persistent Systems Ltd For Target Rs.4,290 - Anand Rathi Share and Stock Brokers
Buy Persistent Systems Ltd For Target Rs.4,290 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
27/07/2022 2:57:57 PM
Buy Persistent Systems Ltd For The Target Rs.3,900 By Emkay Global Financial Services Strong execution continues * PSYS reported better-than-expected operating performance in Q1. Revenues grew by 11.1% QoQ/44.8% YoY (5.6%/30.5% organic) to USD241.5mn, driven by robust growth in the Services business (13.5% QoQ). EBITM expanded by 30bps QoQ to 14.3%. * Revenue growth was broad-based across BFSI (15.6% QoQ), Software, Hi-tech & Emerging industries (10.0%), and Healthcare & Life Sciences (6.9%). Order booking stood at the highest-ever TCV of USD394mn (1.6x book...
Buy Persistent Systems Ltd For The Target Rs.3,900 By Emkay Global Financial Services
Buy Persistent Systems Ltd For The Target Rs.3,900 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
25/07/2022 1:23:10 PM
Persistent Systems Q1 net profit up 5.29% at Rs 174.88 cr The company reported standalone net profit of Rs 174.88 crore for the quarter ended June 30, 2022 as compared to Rs 166.10 crore in the same period last year, registering a year-on-year growth of 5.29 per cent. Net revenue of the company rose substantially by 44.09 per cent at Rs 1,102.08 crore in April-June quarter of this fiscal as against Rs 764.83 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 54.29 per cent to Rs 864.32 crore from ...
Persistent Systems Q1 net profit up 5.29% at Rs 174.88 cr
Persistent Systems Q1 net profit up 5.29% at Rs 174.88 cr
Source: Accord Fintech
22/07/2022 10:13:46 AM
Persistent Systems trades higher on acquiring MediaAgility Persistent Systems is currently trading at Rs. 4146.10, up by 39.70 points or 0.97% from its previous closing of Rs. 4106.40 on the BSE. The scrip opened at Rs. 4169.90 and has touched a high and low of Rs. 4174.85 and Rs. 4142.15 respectively. So far 596 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 2173.65 on 12-May-2021. Last one week high and low of the scri...
Persistent Systems trades higher on acquiring MediaAgility
Persistent Systems trades higher on acquiring MediaAgility
Source: Accord Fintech
5/05/2022 10:01:16 AM
Buy Persistent Systems Ltd For Target Rs.4,800 - JM Financial Services Fortifying the growth momentum Persistent has seen a remarkable turnaround in revenue growth performance through FY21 and FY22E as the company took corrective action to focus back on the services strength starting FY20. Net outcomes have been quite impressive-(1) PSYS has led Tier II peers on growth through FY20-22E (and likely to sustain that growth momentum in FY23E) and (2) operating margins have improved for 8 successive quarters now (<9% in Dec’19 quarter to 14% in Dec’...
Buy Persistent Systems Ltd For Target Rs.4,800 - JM Financial Services
Buy Persistent Systems Ltd For Target Rs.4,800 - JM Financial Services
Source: JM Financial Services Ltd
30/03/2022 12:27:09 PM
Persistent Systems surges on inking stock purchase agreement with MediaAgility Persistent Systems is currently trading at Rs. 4487.30, up by 14.00 points or 0.31% from its previous closing of Rs. 4473.30 on the BSE. The scrip opened at Rs. 4540.20 and has touched a high and low of Rs. 4557.10 and Rs. 4443.75 respectively. So far 4552 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 1735.40 on 15-Mar-2021. Last one week high and low of the scr...
Persistent Systems surges on inking stock purchase agreement with MediaAgility
Persistent Systems surges on inking stock purchase agreement with MediaAgility
Source: Accord Fintech
15/03/2022 11:38:26 AM
Buy Persistent Systems Ltd For Target Rs.5,000 - Emkay Global Acquisition to strengthen Microsoft Azure competencies PSYS has entered into an agreement to acquire assets of Data Glove Inc (DGI), its Indian subsidiary and affiliate entities based out of Australia, UK, Canada and Singapore. Additionally, Persistent Systems Germany GmbH will acquire Data Glove’s subsidiary in Costa Rica. The total purchase consideration is USD90.5mn (~1.95x EV/S on adj. CY21 sales), payable in cash. Deal rationale: Through this acquisition, PSYS will enhance it...
Buy Persistent Systems Ltd For Target Rs.5,000 - Emkay Global
Buy Persistent Systems Ltd For Target Rs.5,000 - Emkay Global
Source: Emkay Global Financial Services Ltd
4/03/2022 1:04:36 PM
Buy Persistent Systems Ltd For Target Rs.4985 - ICICI Direct Growth momentum continues… About the stock: Persistent System (Persistent) offers cloud, data, product & design led services to BFSI, Healthcare & Hi Tech verticals * Persistent has shown a healthy turnaround in dollar revenue growth of 13% YoY in FY21 and margin expansion of 248 bps * Net debt free and healthy double digit return ratio (with RoCE of 20%)   Q3FY22 Results: Persistent reported robust Q3FY22 results. * Dollar revenues increased 9.2% QoQ to ...
Buy Persistent Systems Ltd For Target Rs.4985 - ICICI Direct
Buy Persistent Systems Ltd For Target Rs.4985 - ICICI Direct
Source: ICICI Direct
26/01/2022 10:35:39 AM
Persistent Systems falls despite reporting 46% rise in Q3 consolidated net profit Persistent Systems is currently trading at Rs. 4065.05, down by 237.60 points or 5.52% from its previous closing of Rs. 4302.65 on the BSE. The scrip opened at Rs. 4305.00 and has touched a high and low of Rs. 4305.00 and Rs. 4047.70 respectively. So far 36983 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4986.85 on 03-Jan-2022 and a 52 week low of Rs. 1482.05 on 29-Jan-2021. Last one week high and low of the...
Persistent Systems falls despite reporting 46% rise in Q3 consolidated net profit
Persistent Systems falls despite reporting 46% rise in Q3 consolidated net profit
Source: Accord Fintech
24/01/2022 3:14:39 PM
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct Persistent Systems Buy Persistent Systems​​​​​​​ Ltd @ 4640.00-4646.00 CMP 4653.60 TGT 4709.00 SL 4605.70   Amara Raja Batteries Sell Amara Raja Batteries Ltd @ 616.00-619.00 CMP 618.90 TGT 606.00 SL 623.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by a...
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct
Stock Picks - Persistent Systems​​​​​​​ Ltd and Amara Raja Batteries Ltd By ICICI Direct
Source: ICICI Direct
20/12/2021 11:06:31 AM
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs.4850 - LKP Securities * Stock has given a breakout from its range in the opening tick. * Descent volume activity has been witnessed at the time of breakout in first hour. * Momentum indicator MACD is ranging in positive territory. Persistent Systems Ltd BUY @ Rs. 4480-4500 Stop Loss Below Rs. 4250 CB Target Rs. 4850 Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at www.lkpsec.com/#foo &nbs...
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs.4850 - LKP Securities
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs.4850 - LKP Securities
Source: LKP Securities Ltd
13/12/2021 12:02:38 PM
Hold Persistent Systems Ltd For Target Rs.4230 - ICICI Direct Margin expansion key monitorable, valuation expensive… About the stock: Persistent System (Persistent) offers cloud, data, product & design led services to BFSI, Healthcare & Hi Tech verticals * Persistent has shown a healthy turnaround in dollar revenue growth of 13% YoY in FY21 and margin expansion of 248 bps * Net debt free and healthy double digit return ratio (with RoCE of 20%)   Q2FY22 Results: Persistent reported robust Q2FY22 results. * Dollar rev...
Hold Persistent Systems Ltd For Target Rs.4230 - ICICI Direct
Hold Persistent Systems Ltd For Target Rs.4230 - ICICI Direct
Source: ICICI Direct
8/12/2021 11:23:36 AM
Persistent Systems Q2 net profit up 29.55% at Rs 152.40 cr The company reported standalone net profit of Rs 152.40 crore for the quarter ended September 30, 2021 as compared to Rs 117.64 crore in the same period last year, registering a year-on-year growth of 29.55 per cent. Net revenue of the company rose substantially by 42.07 per cent at Rs 846.99 crore in July-September quarter of this fiscal as against Rs 596.18 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 45.90 per cent to Rs 645...
Persistent Systems Q2 net profit up 29.55% at Rs 152.40 cr
Persistent Systems Q2 net profit up 29.55% at Rs 152.40 cr
Source: Dion Global Solutions Ltd
27/10/2021 3:40:55 PM
Buy Persistent Systems Ltd : Acquisitions to strengthen payment/BFSI and cloud capabilities - Emkay Global Buy Persistent Systems Ltd For Target Rs.3,700 Acquisitions to strengthen payment/BFSI and cloud capabilities * Persistent Systems has entered into an agreement to acquire Software Corporation International (SCI) and its affiliate Fusion360 LLC for a cash consideration of USD53mn (~3.1x EV/S on CY20 basis). It has also signed an agreement to buy certain assets from Shree Partners LLC USA and business from its Indian subsidiary Shree Infosoft Pvt. Ltd. for a cash consideration of USD6.87...
Buy Persistent Systems Ltd : Acquisitions to strengthen payment/BFSI and cloud capabilities - Emkay Global
Buy Persistent Systems Ltd : Acquisitions to strengthen payment/BFSI and cloud capabilities - Emkay Global
Source: Emkay Global Financial Services Ltd
6/10/2021 9:37:22 AM
Key News - Vodafone Idea Ltd, National Company Law Tribunal, Persistent Systems Ltd, Emami Ltd, Max Healthcare Institute Ltd By ARETE Securities Key News Vodafone Idea reworking business plans after govt reforms' boost Vodafone Idea (Vi) is working on a fresh business plan that could alter its funding requirements. Addressing shareholder queries at the company's annual general meeting (AGM) on Wednesday, Vi Chairman Himanshu Kapania said the exact amount will be worked out upon submission of a new business plan. “The management is working on a new business plan and will come to the board with the funding requiremen...
Key News - Vodafone Idea Ltd, National Company Law Tribunal, Persistent Systems Ltd, Emami Ltd, Max Healthcare Institute Ltd By ARETE Securities
Key News - Vodafone Idea Ltd, National Company Law Tribunal, Persistent Systems Ltd, Emami Ltd, Max Healthcare Institute Ltd By ARETE Securities
Source: ARETE Securities Ltd
30/09/2021 9:16:15 AM
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs. 3530 - LKP Securities * Stock has given ascending triangle breakout on four hour charts which is consider to be bullish continuation pattern by nature. * Good volume has been seen at the time of breakout also prices are trading above ichimoku clouds which suggest trend is clear up. * Both momentum indicator RSI & MACD are ranging in positive territory. Buy Persistent Systems Limited - BUY @ 3315-3325 TGT 3530 Stop Loss Below Rs. 3170 CB Duration 1 Week &n...
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs. 3530 - LKP Securities
LKP Spade, Weekly Pick - Buy Persistent Systems Ltd For Target Rs. 3530 - LKP Securities
Source: LKP Securities Ltd
30/08/2021 10:10:04 AM
Neutral Persistent Systems Ltd For Target Rs.3130 - Motilal Oswal Valuation factoring in industry-leading performance Strong growth to continue, but attrition worrying * PSYS reported a strong 1QFY22, with USD revenue growth of 9.2% QoQ (300bp above our estimate) and 17% EBITDA margin, despite seasonal visa costs and robust employee additions. * The company’s capability in maintaining its over USD200m TCV run-rate is encouraging and should result in it continuing its industry-leading growth rate in FY22. With a strong demand commentary and de...
Neutral Persistent Systems Ltd For Target Rs.3130 - Motilal Oswal
Neutral Persistent Systems Ltd For Target Rs.3130 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/08/2021 12:30:26 PM
Stock Picks - Buy Persistent Systems Ltd For Target Rs. 3480 - ICICI Direct Technical Observations * The IT Sector is in strong uptrend as the Nifty IT index continues to form higher high higher low on all time frames and is outperforming the rest of the market * The share price of Persistent remain in secular up trend forming higher high-low in all time frame. The entire up move since April is well channeled signalling sustained demand at elevated levels * The stock has recently rebounded taking support at the lower band of the rising channel and the 2...
Stock Picks - Buy Persistent Systems Ltd For Target Rs. 3480 - ICICI Direct
Stock Picks - Buy Persistent Systems Ltd For Target Rs. 3480 - ICICI Direct
Source: ICICI Direct
18/08/2021 11:11:04 AM
Quote on persistent System Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd Below is quote on persistent System Q1FY22 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd    Persistent Systems reported a 9.2% qoq growth in revenues to USD 166.8mn which was ahead of our expectations. The services business reported a better than expected growth of 11.5% QoQ to USD 144.9mn, while the IP business witnessed registered a degrowth of 3.9% yoy. In rupee terms consolidated revenue increased by 10.5% qoq to ₹1,23...
Quote on persistent System Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Quote on persistent System Q1FY22 results by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
23/07/2021 11:22:36 AM
Buy Persistent Systems Ltd For Target Rs.2340 - Motilal Oswal Best-in-class performance to continue in FY22E Confidence intact on Alliance business growth; reiterate Buy * We were impressed by PSYS strong performance in 4QFY21 – USD revenue growth of 4.6% QoQ (100bp above MOFLSe) and 16.9% EBITDA margin (down 10bp QoQ despite a one-month wage hike impact). * Order bookings of USD246m (1.6x book-to-bill ratio) in 4QFY21 points to good growth visibility for FY22E, especially with management commentary that the TCV run-rate of over USD200m w...
Buy Persistent Systems Ltd For Target Rs.2340 - Motilal Oswal
Buy Persistent Systems Ltd For Target Rs.2340 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/05/2021 11:15:02 AM
Buy Persistent Systems Ltd For Target Rs.2,250 - Emkay Global Strong operating performance * PSYS delivered better-than-expected operating performance in Q4FY21. Revenue grew 4.6%/20.3% QoQ/YoY to USD152.8mn, ahead of our expectations, driven by continued traction in the Services business. EBITM expanded 50bps QoQ to 13.2%. * Services revenues grew 8.6% QoQ to USD119.7mn on 10.5% volume growth, partly offset by a 1.7% decline in blended realizations. IP-led revenues declined 13.9% QoQ to USD22.8mn due to seasonality and lower IP resale revenue. ...
Buy Persistent Systems Ltd For Target Rs.2,250 - Emkay Global
Buy Persistent Systems Ltd For Target Rs.2,250 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/05/2021 11:04:12 AM
Persistent systems reports better than expected Q4FY21 results by Mr. Jyoti Roy, Angel Broking Ltd Below are Quote on Persistent systems reports better than expected Q4FY21 results by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd Persistent Systems reported a 4.6% qoq growth in revenues to USD 152.8mn which was ahead of our expectations. The services business reported a better than expected growth of 8.6% QoQ to USD 130mn, while the IP business witnessed too registered a growth on a yoy basis. In rupee terms consolidated revenue increased by 3.5...
Persistent systems reports better than expected Q4FY21 results by Mr. Jyoti Roy, Angel Broking Ltd
Persistent systems reports better than expected Q4FY21 results by Mr. Jyoti Roy, Angel Broking Ltd
Source: Angel Broking Ltd
30/04/2021 5:50:25 PM
Persistent Systems Q4 net profit up 9.88% at Rs 140.07 cr The company reported standalone net profit of Rs 140.07 crore for the quarter ended March 31, 2021 as compared to Rs 127.48 crore in the same period last year, registering a year-on-year growth of 9.88 per cent. Net revenue of the company rose substantially by 20.93 per cent at Rs 684.66 crore in January-March quarter of this fiscal as against Rs 566.14 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 22.86 per cent to Rs 512.86 cro...
Persistent Systems Q4 net profit up 9.88% at Rs 140.07 cr
Persistent Systems Q4 net profit up 9.88% at Rs 140.07 cr
Source: Dion Global Solutions Ltd
30/04/2021 12:33:16 PM
Buy Persistent Systems Ltd For Target Rs.2,200 - Emkay Global Targets USD1bn revenue by FY25 * PSYS is on track to reach the USD1bn revenue milestone by FY25 (implies ~15.4% CAGR over FY21-25E) on the back of continued strong traction in the Technology Services business, anticipated recovery in the Alliance business and M&A. * The Technology Services business is likely to sustain a 3.5%-5% CQGR in the medium term (4.4% in last 6 qtrs), aided by strong deal wins (2.1x book-to-bill in Q3), healthy deal pipeline, growing annuity revenue (3/4th o...
Buy Persistent Systems Ltd For Target Rs.2,200 - Emkay Global
Buy Persistent Systems Ltd For Target Rs.2,200 - Emkay Global
Source: Emkay Global Financial Services Ltd
6/04/2021 11:22:12 AM
Buy Persistent Systems Ltd For Target Rs.1,900 - HDFC Securities Structural pivot to high growth We maintain BUY on Persistent Systems (PSYS) and assign it in our top picks, due to a solid 3Q (in-line), strong growth visibility supported by robust TCV bookings (including high ACV component), and a structural pivot towards high growth. The strong technology-led differentiation overlaid by improved client mining/bigger deals and focus on partnerships/sourcing will drive PSYS into industry-leading quadrant. With growth markers established around Technology...
Buy Persistent Systems Ltd For Target Rs.1,900 - HDFC Securities
Buy Persistent Systems Ltd For Target Rs.1,900 - HDFC Securities
Source: HDFC Securities Ltd
3/02/2021 12:23:34 PM