Persistent Systems Shares Rise on Macquarie Upgrade

  Published 1 year ago

Persistent Systems shares rise 2.3% as Macquarie cuts price target but maintains 'outperform' rating.

  • Macquarie lowers PT to 7,330 rupees, still 25.5% above current price, second-highest among 32 analysts.
  • PERS' 18.1% organic revenue growth in 2025 outpaces IT peers, supports margin expansion potential.
  • PERS shares down 9% in 2025 vs. 9.7% drop in IT index, reflecting sector moderation.

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