NSE: PERSISTENT | BSE: 533179

Expensive Performer

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5761.00 -115.50 (-1.97%)

78.25% Gain from 52W Low

643.1K NSE+BSE Volume

NSE 13 May, 2025 3:31 PM (IST)

89,785.2

Market Cap

High in industry

1.2

Beta 1Year

Very High Volatility

Persistent Systems Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PERSISTENT, BSE:533179 Persistent Systems Ltd.

Persistent Systems Ltd.

24 Jan 2022

5761.00

-1.97%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 38x P/E multiple to its FY24E earnings of Rs 126.8/share to arrive at a TP of Rs 4,820/share, indicating an upside potential of 12% from CMP.

Persistent Systems Ltd. has gained 26.77% in the last 1 Month

Persistent Systems Ltd.

24 Jan 2022

5761.00

-1.97%

EARNINGS UPDATE- PERSISTENT SYSTEMS LTD 3QFY22

Buy: Persistent Systems Ltd.

Target

Chola Wealth Direct

Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. Revenue from business offering mix: Services (86.7%) & IP led business (13.3%). The company's business is spread across North America (79.2%), Europe (8.3%), and RoW (12.5%).Company earns revenue from global delivery centers (31.4%), India (55.3%) and IP Led (13.3%). Total active clients stood at 1000+ including services and IP led business. Company's top...

Number of FII/FPI investors increased from 860 to 904 in Mar 2025 qtr.

Persistent Systems Ltd.

24 Jan 2022

5761.00

-1.97%

Persistent Systems

Buy: Persistent Systems Ltd.

Target

ICICI Securities Limited

...

Number of FII/FPI investors increased from 860 to 904 in Mar 2025 qtr.

Persistent Systems Ltd.

23 Jan 2022

5761.00

-1.97%

PERSISTENT SYSTEMS

Buy: Persistent Systems Ltd.

Target

Prabhudas Lilladhar

Strong revenue growth momentum over past three quarters led to 33% YoY growth in 9MFY22. We believe this momentum can sustain given 1) strong deal TCV of $334.3 mn, +18% QoQ,11% YoY with 47% net new wins and TTM TCV now at $1.108 bn, 2) strong deal ACV of $291.3 mn, +45% QoQ, 14% YoY with 44% net new wins and TTM ACV now at $881.9 mn and TTM book-to-bill ratio of 1.26x, 3) strong headcount addition with total headcount up 37% YoY....

Persistent Systems Ltd. has gained 26.77% in the last 1 Month

Persistent Systems Ltd.

22 Jan 2022

5761.00

-1.97%

Growth continues to be strong, but valuations remain steep

Neutral: Persistent Systems Ltd.

Target

Motilal Oswal

Persistent Systems (PSYS) reported a strong 3QFY22, with revenue growth (USD) of 9.2% QoQ (120bp above our estimates; 6.7% QoQ organic) and 16.8% EBITDA margin (est. 16.1%). It reported a TCV of USD334m (+18% QoQ), with 47% new business TCV. While seasonal strength in IP business aided 3Q growth, the continued good performance of its Services (+5.4% QoQ organic growth) on a base of double-digit sequential growth in last two quarters denotes the momentum in PSYS' client mining. Moreover, PSYS continues to...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

21 Jan 2022

5761.00

-1.97%

Persistent Systems (HOLD): Stellar quarter

Hold: Persistent Systems Ltd.

Target

BOB Capital Markets Ltd.

Above-expected Q3 with revenue growth of 9.2% QoQ USD led by IP business

KRChoksey upgraded Persistent Systems Ltd. to Hold with a price target of 5324.0 on 28 Apr, 2025.

Persistent Systems Ltd.

29 Oct 2021

5761.00

-1.97%

EARNINGS UPDATE- PERSISTENT SYSTEMS LTD 2QFY22

Buy: Persistent Systems Ltd.

Recommendation Target

Chola Wealth Direct

Background: Persistent Systems is one of the leading outsourced product development (OPD) companies in India. Revenue from business offering mix: Services (87.5%) & IP led business (12.5%). The company's business is spread across North America (78.7%), Europe (8.8%), and RoW (12.5%).Company earns revenue from global delivery centers (30.4%), India (57.1%) and IP Led (12.5%). Total active clients stood at 1000+ including services and IP led business. Company's top...

Persistent Systems Ltd. is trading above all available SMAs

Persistent Systems Ltd.

28 Oct 2021

5761.00

-1.97%

Q2FY22 Result Update - HOME RUN! - BUY

Buy: Persistent Systems Ltd.

Target

Prabhudas Lilladhar

Strong headcount addition over last 4 quarter led to headcount increase of 47% YoY indicating strong revenue growth momentum. Persistent reported revenue of $182.3 mn, growth of 9.3% QoQ USD, much above our and cons estimates (Ple: 8%, Cons: 6.3%). Growth was strong across all three verticals. Onsite price declined (-2.7% QoQ) due to change in...

Persistent Systems Ltd. has gained 71.08% in the last 1 Year

Persistent Systems Ltd.

28 Oct 2021

5761.00

-1.97%

Result Update:Persistent Sys

Buy: Persistent Systems Ltd.

Target

Axis Direct

We recommend a BUY rating on the stock and assign a 36x P/E multiple to its FY24E earnings of Rs 126.7/share to arrive at a TP of Rs 4,520/share, indicating an upside potential of 12% from CMP.