Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

JP Morgan downgraded IT Sector to Underweight and cut target multiples by 10-20%. They believe that weak revenue growth is behind us as macro slowdown means earnings upgrade cycle is behind. They say that earnings outlook has worsened with rising margin headwinds in near term and potential earnings downgrade going forward. While Bottom up commentary remains positive , the macro worsening might derail the earnings momentum.  They also note that INR/FX is not going to be supportive for earnings/multiples as the beenfits have been offset by other headwinds. Additionally, Indian IT - most expensive services stocks globally as the services company trade at a premium to peers like Accenture and at par with enterprise software companies which JP Morgan believes is unsustainable. The ratings for TCS, HCL,Wipro, LTTS have been lowered to Underweight from Neutral while they continue to be Overweight on Infosys, Tech M, Mphasis, Persistent Systems.
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JP Morgan Downgrades IT Sector | ET Now

Buzzing stocks: State Bank of India, Wipro, Cyient, Ind Rectifiers, Magellanic Cloud, Cigniti Technologies, Baid Leasing and Finance Co, MAS Financial Services, Shriram City, Piramal Enterprises, Persistent Systems, EIH and IndiGo

Stocks that will see action today

ICICI Direct is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 5075 in its research report dated April 30, 2022.

Buy Persistent Systems; target of Rs 5075: ICICI Direct

Persistent has been working with Amazon on the product engineering side as well as the Amazon Web cloud business. This is generating annual revenues of around $30-35 million.

Persistent Systems targets tech giants for revenue growth | The Financial Express

Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 5550 in its research report dated April 28, 2022.

Buy Persistent Systems: target of Rs 5550: Sharekhan

Arihant Capital recommended Neutral rating on Persistent Systems with a target price of Rs 4173 in its research report dated April 29, 2022.

Neutral Persistent Systems; target of Rs 4173: Arihant Capital

Emkay Global Financial is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 4850 in its research report dated April 28, 2022.

Buy Persistent Systems; target of Rs 4850: Emkay Global Financial

Though these acquisitions are expected to impact Persistent Systems’ margins negatively in the short term’, they will be key drivers of growth going forward

For Persistent Systems, near-term impact of recent acquisitions is key

It's a healthy quarter for Persistent Systems as major parameters see double-digit uptick along with expansion in margins sequentially. ED & CEO Sandeep Kalra talks about growth drivers and whether this trend would continue in FY23. #BQLive #Q4WithBQ

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Q4 Review: Persistent Systems' CEO On Report Card & Outlook On FY23

The company revenues grew by 36.4% y-o-y in FY22 to Rs 4,187.88 crore while profit after tax jumped by 53.2% to Rs 450.67 crore during the year.

Persistent Systems posts 45.9% jump in profit after tax | The Financial Express

Tata Steel Long Products Ltd, Paushak Ltd, Persistent Systems Ltd and India Glycols Ltd are among the other losers in the BSE’s ‘A’ group today, 20 April 2022.

Larsen & Toubro Infotech Ltd leads losers in ‘A’ group

Persistent Systems Limited is engaged in the business of building software products. The Company offers complete product life cycle services.

Persistent Systems Ltd

Persistent Systems Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

JP Morgan Downgrades IT Sector | ET Now

Stocks that will see action today

Buy Persistent Systems; target of Rs 5075: ICICI Direct

Persistent Systems targets tech giants for revenue growth | The Financial Express

Buy Persistent Systems: target of Rs 5550: Sharekhan

Neutral Persistent Systems; target of Rs 4173: Arihant Capital

Buy Persistent Systems; target of Rs 4850: Emkay Global Financial

For Persistent Systems, near-term impact of recent acquisitions is key

Persistent Systems Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

JP Morgan Downgrades IT Sector | ET Now

Stocks that will see action today

Buy Persistent Systems; target of Rs 5075: ICICI Direct

Persistent Systems targets tech giants for revenue growth | The Financial Express

Buy Persistent Systems: target of Rs 5550: Sharekhan

Neutral Persistent Systems; target of Rs 4173: Arihant Capital

Buy Persistent Systems; target of Rs 4850: Emkay Global Financial

For Persistent Systems, near-term impact of recent acquisitions is key

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock