Persistent Systems shares are charging ahead after reporting robust Q2 FY6 numbers despite macro headwinds and policy changes. Most of the brokerage houses raised their target price on the stock, looking at a potential of as much as 31% over the next 12 months. The Persistent System shares rallied 7.4% to an intra-day high of Rs 5,730 on the National Stock Exchange.

Here’s a detailed analysis on top brokerage views stated on Persistent Systems post earnings.

Motilal Oswal on Persistent Systems

Motilal Oswal retained its ‘Buy’ rating on Persistent Systems, with a target price of Rs 6,550, implying an upside of 23% from the current levels. The brokerage said that, owing to a superior earnings growth trajectory, on a PEG basis, the valuation still has room for upside. “We project a 19% US

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