Persistent Systems share price: Sharekhan retains Buy rating with a revised price target of Rs 2200
Sharekhan interacted with Persistent Systems management to understand the growth prospects in Technology Services Unit (TSU) and Alliance business, deal momentum, Cloudification opportunity, and margin outlook. Mid-tier IT companies have been outperforming large-cap companies over the past three quarters
Sharekhan believes Persistent Systems would continue to report q-o-q growth in Q4FY2021 because of strong revival in the BFSI vertical (absence of cost control by its large customers owing to furloughs): Reuters