INSUBCONTINENT EXCLUSIVE:
Dharmesh Shah of ICICI Direct has a buy call on Persistent Systems Ltd
with a target price of Rs 744.0
The current price of Persistent Systems Ltd
Dharmesh Shah recommended to keep a stoploss at Rs 678
Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 5353.19 Crore) operating in IT
key Products/Revenue Segments include Software Services which contributed Rs 1916.37 Crore to Sales Value (97.78 % of Total Sales) and
Software Licence which contributed Rs 43.50 Crore to Sales Value (2.21 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 884.60 Crore, up 6.31 % from last quarter Sales of Rs
832.11 Crore and up 5.87 % from last year same quarter Sales of Rs 835.56 Crore Company has reported net profit after tax of Rs 86.07 Crore
Mr.Pradeep Bhargava, Mr.Prakash Telang, Mr.Sandeep Kalra, Mr.Sunil Sapre, Mr.Thomas Kendra, Ms.Roshini Bakshi, Prof.Deepak Phatak
Company has Walker Chandiok - Co
LLP as its auditoRs As on 31-12-2019, the company has a total of 76,425,000 shares outstanding.