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Emkay Global Revises Target on Persistent Systems to ₹3,700

Moneycontrol

Emkay Global revises Persistent Systems' target to ₹3,700 amid mixed Q4 results and margin concerns. What does this mean for investors moving forward?

Persistent Systems reports mixed Q4 results with 3.4% revenue growth.

HLS sector accounts for 94% of incremental revenue, raising concerns.

EPS estimates cut by 5-6% for FY25-26, signaling caution among analysts.

Emkay Global sets target price at ₹3,700, maintaining REDUCE rating.

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