Persistent Systems Ltd
PERSISTENT

600.90

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Turnover (lac)
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Day's Vol.(shares)

600.70

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Turnover (lac)
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Buy
Reco. Price
Rs 596.00
We recommend BUY as we expect continued investments in IoT segment will start yielding revenues. Thus, we expect topline to grow at 18% CAGR over FY16-18E. Stock is trading at attractive 13.2x P/E on FY18E earnings. (Target Price: Rs 680)
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50 DMA (.)
618.84
100 DMA (.)
617.08
200 DMA (.)
639.33
Weekly Range (.)
590.15
620.00
Monthly Range (.)
590.15
645.00
52 Weeks Range (.)
580.00
784.90
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