India's Persistent Systems nears three-month high after strong Q2 earnings

Persistent Systems

15/10/2025 05:49

** India's Persistent Systems PERS.NS soars 7.3% to nearly three-month high of 5,729 rupees

** IT services company set for biggest daily rise since May 12

** Co's Q2 revenue up 4.2% q/q in dollar terms, profit jumps 11%

** Nomura, which has "neutral" rating on PERS, raises earnings estimates by 3-5% for FY26-FY28, hikes PT to 5,200 rupees from 5,000 earlier

** Motilal Oswal too raises earnings forecast by 4%; recommends buy with a PT of 6,550 rupees

** Analysts on avg rate PERS "hold; median PT at 5,853 rupees: LSEG data

** YTD, stock down 11.4% VS Nifty IT's .NIFTYIT 18.4% losses

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))