Neutral Persistent Systems; target of Rs 8110: Motilal Oswal
Motilal Oswal recommended Neutral rating on Persistent Systems with a target price of Rs 8110 in its research report dated January 23, 2024.
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Motilal Oswal recommended Neutral rating on Persistent Systems with a target price of Rs 8110 in its research report dated January 23, 2024.
The domestic equity market was trading lower on Tuesday. Sensex fell 534 points to 70,889 and Nifty slipped 170 pts to 21,401. Here's a look at stocks buzzing in action today.
The EBITDA margin or operating margin increased to 17.7% from 13.7% in the previous quarter. Persistent Systems had said earlier that it expected to improve margins by 200-300 basis over the next two to three years.
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Persistent Systems witnessed a surge in shares following its robust Q3 FY24 performance, reflecting an 8.7% QoQ and 20.2% YoY surge in net profit to ₹286 crore. Additionally, revenue saw a 3.6% QoQ and 15.2% YoY improvement.