28-06-2025
New Sell Rating for Persistent Systems Limited (PERSISTENT), the Technology Giant
In a report released yesterday, Rajiv Berlia from Citi maintained a Sell rating on Persistent Systems Limited (PERSISTENT – Research Report), with a price target of INR5,045.00. The company's shares closed yesterday at INR6,010.50.
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According to TipRanks, Berlia is a 3-star analyst with an average return of 2.9% and a 62.50% success rate. Berlia covers the Technology sector, focusing on stocks such as Persistent Systems Limited, Tata Technologies Limited, and Coforge Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for Persistent Systems Limited with a INR5,699.33 average price target.
Based on Persistent Systems Limited's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of INR32.42 billion and a net profit of INR3.96 billion. In comparison, last year the company earned a revenue of INR25.91 billion and had a net profit of INR3.15 billion
