|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||809.00 - 833.40|
|52-week range||590.00 - 877.50|
|PE ratio (TTM)||20.45|
|Forward dividend & yield||10.00 (1.23%)|
|1y target est||857.06|
With its cash balance now, of USD 175 million, it will be seeking more acquisitions to expand its geographical reach, mainly in non-US markets, and is not keen on acquiring legacy businesses, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
"The stock can be bought at current level and on dips up to Rs 790 with a stop loss below Rs 760 and a target of Rs 910 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
"Persistent Systems touched a high of Rs 878 in February and then declined to hit a low of Rs 657 levels. The rally in the last couple of weeks was backed by good volumes which indicates buying participation," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
ICICI Direct is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 825 in its research report dated April 25, 2018.
All brokerage houses retained their buy rating on the stock and expect the stock to rally up to 32 percent over the next one year period on hopes of robust earnings in FY19.
For the full year 2017-18, the profit was up by 7.2 percent at Rs 323.09 crore and the revenues increased by 5.4 percent from a year ago to Rs 3,033.70 crore during the fiscal ended March 2018.
Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 800 in its research report dated April 2, 2018.