For Infosys, Nirmal Bang expects total contract value (TCV) in the $2-3 billion range. For HCL, Nirmal Bang sees TCV to come in the guided range on the back of a healthy pipeline.
Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .
Multibagger stock: Persistent Systems shares ended 3.05% percent higher at Rs 8639.30 on Monday against the previous close of Rs 8,383.55 on BSE. Market cap of the firm rose to Rs 66,457 crore on BSE.
The company’s revenue increased by 3% sequentially in the December quarter to $300.6 million, one of the highest growth rates among peers. In rupee terms, it rose by 3.6% to Rs 24,982.2 crore while net profit grew by 8.7% to Rs 2,861.3 crore.