Nomura brokerage has reiterated a ‘Neutral’ rating on Persistent Systems with a target price of ₹6,200, implying an upside potential of 9.6% from the current market price of ₹5,655.00.
The brokerage emphasized resilient growth driven by strong execution and noted that margin improvements provide additional comfort. Persistent Systems continues to secure decent deal wins, and its robust execution positions the company to deliver industry-leading growth. Nomura also highlighted the company’s success in delivering on its margin improvement commitments, which is seen as a key positive for the stock.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
