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Persistent Systems Shares Surge on Robust Q2 Earnings, Brokerages Raise Targets

Persistent Systems Shares Surge on Robust Q2 Earnings, Brokerages Raise Targets

Author:

Global Cryptocurrency

Published:

2025-10-15 08:43:01

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BTCCSquare news:

Persistent Systems Ltd. witnessed a 7% stock price jump after reporting a 45% year-on-year surge in Q2 net profit to ₹471.5 crore, defying global macroeconomic challenges. Revenue climbed 23.5% to ₹3,580.7 crore, with the board approving strategic restructuring of its Ireland subsidiary.

CLSA maintained its outperform rating with a bullish ₹8,270 target, citing resilient performance. Nuvama upgraded to ₹7,000, highlighting industry-leading earnings growth despite tariff uncertainties. Motilal Oswal projects 19% USD revenue CAGR through FY27, with margin expansion driving further upside.

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