Fan Site: Inspired, Not Endorsed, By Rakesh Jhunjhunwala

Persistent Systems Is Preparing For The Big League: IDFC Sec



IDFC Sec has issued a research report claiming that Persistent Systems has set its sights on getting into the big league with enterprises investing in digital transformation over the next decade




Persistent Systems’ (Persistent) management, during the Investor Day, showcased its ‘ahead of the curve’ technological prowess and strategy to create market position in Enterprise Digital Transformation (EDT) space. We believe the management has set its sights on getting into the big league with enterprises investing in digital transformation over the next decade. We build in ~19% CAGR for both USD revenue and INR EPS over FY14-17E and value Persistent at Rs1,660 (based on 16x FY17E EPS). Maintain Neutral as valuations leave limited upside in the near term even as we like the business model.

Click here to download IDFC Sec’s research report on Persistent Systems
investments, Mid Cap, Multibagger, Portfolio, Top Picks    ,

No Comments Yet

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 495 other subscribers

RSS Stocks Talk Forum

  • Suraj Estate Developers has a robust project lineup & launch pipeline. TP ₹992 (+73%)
    Suraj Estate Developers has a robust project lineup & launch pipeline, leadership position in redevelopment projects, strong cost advantage, proven track record, huge addressable market and healthy Balance Sheet with predictable cash flows. TP ₹992 (+73%) Download research report... Suraj Estate Developers has a robust project lineup & launch pipeline. TP ₹992 (+73%)
  • DCX Systems has the ability to become a key player in EMS space. TP ₹466 (+54%)
    DCX Systems has the ability to become a key player in EMS space with huge potential in railway & defence. It has ability to deliver high value complicated & critical products for leading defense players L&T & Lockheed. Order book ₹3000 Cr. TP ₹466 (+54%) Download... DCX Systems has the ability to become a key […]
  • Affle has a unique business model, unmatched network effects & prudent acquisition strategy
    Affle has a unique business model, unmatched network effects & prudent acquisition strategy. It is well-positioned to capitalize on growth in digital advertising in high-potential sectors such as e-commerce, fintech, gaming & entertainment. TP ₹2538 (60%) Download research report ... Affle has a unique business model, unmatched network effects & prudent acquisition strategy
Disclaimer: This is a Fan Site in Rakesh Jhunjhunwala's name. Rakesh Jhunjhunwala is not associated with us and is in no way aware, accountable or responsible for what is stated here. Further, nothing here constiutes investment advice for you to act on. Also, we have a vested interest, and are extremely biased, in everything that we say. So Mind It!