BSE Code: | NSE Code: | ISIN: | Sector:

NSE
667.70
Change Change %
0.75 0.11%

Updated:23 Oct, 2017, 15:53 PM IST

BSE
669.95
Change Change %
4.25 0.64%

Updated:23 Oct, 2017, 15:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Prabhudas Lilladher
N/A
27-09-2017 Buy 650.20 710.00
N/A
Open Long (1Y)
27-09-2018

Prabhudas Lilladher maintains buy on Persistent Systems

We expect Persistent's USD revenues to grow by 11.3/13.1% for FY18/FY19E and EBITDA margins to 15.5/16.5% for FY18/FY19E (v/s 15.8% EBITDA margin in FY17). Our EPS estimates are at Rs41.1/47.5/sh for FY18/FY19E. Stock trades at 13.4x FY19E EPS which is at premium to select large cap stocks. While Persistent is showing revenue growth momentum, margin discipline is key in our view. Our TP is retained at Rs710/sh (14x June19E EPS).

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