Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Research

| More

Persistent Systems - 28th September 2020 - Angel Broking

Posted On: 2020-09-28 04:02:57


Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

"Persistent Systems is one of the leading service providers to independent service vendors (ISV). The company has a very strong presence in Hi tech, manufacturing and life science segments which were amongst the least impacted sectors due to Covid-19. Persistent systems is going to be one of the biggest beneficiaries of greater spend on IT due to accelerated adoption of digital technologies post the Covid-19 outbreak, given the company's high exposure to BSSI, Hi tech and life science verticals. We raise our target multiple on the stock to 24x from 20x given greater visibility for the sector post HCL tech mid quarter guidance upgrade and strong performance of Accenture's outsourcing division in the recently announced Q4FY2020 numbers. Therefore we raise our target price to Rs. 1,531 from Rs. 1,276."

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1275.65 as compared to the previous close of Rs. 1224.1. The total number of shares traded during the day was 24937 in over 3425 trades.

The stock hit an intraday high of Rs. 1324.2 and intraday low of 1229.95. The net turnover during the day was Rs. 31849938.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles


Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

Bharti Airtel - Q2FY21 - Angel Broking

Rupee - Oct 27, 2020 - Reliance Securities

IPO of Gland Pharma - Angel Broking

Maintain BUY on Heidelberg Cement - Superior margin sustained - HDFC Securities

SBI Life Insurance - Q2FY21 Results - Angel Broking

GHCL - Q2FY21 results - Angel Broking

Maintain ADD on Torrent Pharma - Steady show - HDFC Securities

BUY on SBI Life Insurance - Growth ahead, COVID behind? - HDFC Securities

Mahindra Finance (MMFS) Q2 FY21 - 'An in-line performance' - YES Securities

Polycab India Ltd - Q2FY21 Result Update - YES Securities

Torrent Pharma - Q2FY21 Result Update - YES Securities

Kotak Mahindra Bank Limited - Q2FY21 Result Update - YES Securities

SBI Life Insurance - Q2FY21 Result Update - YES Securities

Maintain ADD on Kotak Mahindra Bank - Growth ahead, COVID behind? - HDFC Securities

Persistent Systems - Alliances will remain a strategic focus - ICICI Securities

Kotak Mahindra Bank - Brake on credit cost; growth likely to shift gears - ICICI Securities

Sudarshan Chemical Industries - Shifting gears from normalisation to growth - ICICI Securities

HeidelbergCement India - Sustaining strong profitability - ICICI Securities

Torrent Pharmaceuticals - Domestic outperforms; margin sustains - ICICI Securities

SBI Life Insurance Results and Concall Highlights - YES SECURITIES

Torrent Pharma - Q2FY21 First Cut - ICICI Securities

SBI Life Insurance - Q2FY21 First Cut - ICICI Securities

Kotak Mahindra Bank - Q2FY21 First Cut - ICICI Securities

Aurobindo Pharma - Company Update - ICICI Securities

Quant Pick - Bharat Electronics - ICICI Securities

JSW Steel - Q2FY21 Result Update - ICICI Securities

Upgrade to BUY on Persistent Systems - Transformation in motion - HDFC Securities

Maintain BUY on Tech Mahindra - Getting back on track - HDFC Securities

Maintain REDUCE on Nestle India - In-line result; steady recovery - HDFC Securities

REDUCE on ICICI Lombard - COR continues to improve - HDFC Securities

Maintain BUY on Mphasis - Large deal acceleration - HDFC Securities

Maintain ADD on Crompton Consumer - Surpassing all expectations - HDFC Securities

ICICI Lombard General Insurance - Q2FY21 Result - Angel Broking

Upgrade to BUY on Subros - Margin at multi-quarter high - HDFC Securities

Nestle India Ltd - Q3CY20 Result Update - YES Securities

ICICI Lombard General Insurance - Q2FY21 Result Update - YES Securities

Engineering & Capital Goods - India - In dire stratis - ICICI Securities

Kewal Kiran Clothing - Cost-cutting measures arrest EBITDA fall - ICICI Securities

Aditya Birla Fashion and Retail - Strategic tie-up with Flipkart - ICICI Securities

Tech Mahindra - Can margins surprise further? - ICICI Securities

Nestle India - Capex announcement (Rs26bn over CY20-23) is the highlight - ICICI Securities

ICICI Lombard General Insurance Company - Strong franchise should benefit from cycle recovery - ICICI Securities

YES Bank - Turnaround progressing well; asset quality pangs merely deferred - ICICI Securities

Mphasis - Deal win momentum continued to be impressive - ICICI Securities

ACS sheet industry - Industry tailwinds to sustain - ICICI Securities

Gokaldas Exports - Q2FY21 Company Update - ICICI Securities

Polycab India - Q2FY21 Result Update - ICICI Securities

Cera Sanitaryware - Initiating Coverage - A Quality Play in Building Materials Space - Reliance Securities

Nestle India - 3QCY20 results - First Cut - YES SECURITIES

Crude Oil - Oct 23, 2020 - Reliance Securities







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019