How the company is doing
- Persistent Systems makes software and IT services.
- In the last quarter (June), its sales grew 19% compared to last year.
- Profit also grew strongly, almost 39% higher than last year.
- It got big new orders worth $520 million, which is a good sign for future growth.
Stock price right now
- The share is trading around ₹5,200–5,500.
- Its 52-week high is ₹6,789, so it is still below that level.
- The stock is considered expensive because the valuation (PE ratio) is very high.
What experts are saying
- Analysts are mixed: some say buy, some say sell, others say hold.
- Average target is around ₹5,800–6,000, but some are more positive (up to ₹7,500) and some negative (as low as ₹3,600).
Risks / Concerns
- Growth in the healthcare sector is slowing for Persistent, which could be a problem.
- The stock is expensive, so if growth slows, the price could fall.
- Global IT demand is a bit uncertain – delays in client projects may hurt.
Outlook for October
- Normal case: The share may stay between ₹5,200 and ₹6,000.
- Positive case: If the company shows strong Q2 results or wins new deals, it could move up towards ₹6,200–7,000.
- Negative case: If delays continue or global IT demand slows, it could slip down to around ₹4,800–5,200.
👉 In short: Persistent Systems is doing well in growth, but the share is already expensive. For October, expect the stock to move mostly in the ₹5,200–6,000 range, with chances to go higher only if Q2 results surprise positively.
