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FIIs have withdrawn around $2.12 billion from the information technology sector, so far, in 2023 amid a challenging demand environment. Mutual funds, however, increased stakes in some midcap IT companies in the June quarter
Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 36826.69 Crore) operating in IT Software sector.
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Persistent Systems had announced a final dividend of Rs 12 per share and a special dividend of Rs 10 per share. The dividends will be paid on August 17.
JPMorgan has a target of Rs 4,100 for Persistent Systems, Rs 4,600 for Tata Elxsi, Rs 2,900 for L&T Technology and Rs 540 for KPIT Technologies.