JP Morgan has indicated a target of 475 rupees per share.
Written by Reuters
Mumbai |
1 min read
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JP Morgan has initiated coverage on Persistent Systems with an overweight rating and a target of 475 rupees per share.
JP Morgan expects the company to post revenue growth of over 20 percent over the next 2-3 years on the back of recovery in global spends,increased focus on select emerging growth areas and increased customer mining of its already strong customer profile. At 9:45 a.m. shares were up 1.1 percent at 417 rupees.
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