Persistent Systems533179Information technology services
Kotak Institutional Equities double-upgraded Persistent Systems from reduce to buy with a target price of 6250 rupees ahead of IT earnings season
- Target price
- 6250 rupees
- Correction from 52-week high
- 18 percent
Heard on business television between 11:19:08 - 11:22:08 IST.
- Kotak Institutional Equities upgraded Persistent Systems from reduce to buy, citing three reasons.
- Stock had corrected nearly 18% from its 52-week high, seen as an opportunity.
- Standalone business has executed well despite technology disruption, per Kotak.
- Kotak said synergies from the Nagarro acquisition are underappreciated by the market.
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Persistent Systems' shareholders approved borrowing and securities issuance limits to fund the Nagarro acquisition
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Source: Live TV News Channel · 5 Oct 2026
The call above is Kotak Institutional Equities's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.