# PERSISTENT (PERSISTENT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/persistent

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹5,437
- Change: -0.66%
- As of: 2026-09-18
- 1D return: -1.04%
- 5D return: -1.70%
- 1M return: -4.55%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Persistent's technical stance presents a mixed picture across timeframes. The daily timeframe shows the price below key moving averages like the 20-day EMA (₹5528.15) and 50-day SMA (₹5456.61), suggesting short-term weakness, although the Supertrend indicator is bullish at ₹5358.38. In contrast, the weekly and monthly timeframes exhibit stronger alignment with bullish Supertrend indicators (₹4633.24 and ₹3723.05 respectively) and the price trading above the 20-day EMA on the weekly chart (₹5359.78). However, the monthly chart shows active patterns including a "Bearish Engulfing Reversal" and an "Inside Bar" as of September 18, 2026, indicating potential for near-term caution. The stock is currently trading near its nearest resistance at ₹5418.33, approximately 0.04% above the current price of ₹5416.0, with immediate support identified at ₹5397.97, about 0.33% below the current price. The annualized volatility stands at 36%, and the current drawdown is -17%, highlighting the inherent risk in the current setup.

- Nearest resistance is observed at ₹5418.33.
- Nearest support is identified at ₹5397.97.
- Monthly chart shows active "Bearish Engulfing Reversal" and "Inside Bar" patterns as of September 18, 2026.
- Daily timeframe shows price below 20-day EMA (₹5528.15) and 50-day SMA (₹5456.61).
- Weekly and monthly Supertrend indicators are bullish.

- Bearish Engulfing Reversal
- Inside Bar
- Bullish Engulfing Reversal
- Outside Bar
- Doji

### News Context

In the week ending September 18, 2026, Persistent Systems was mentioned in reports discussing CEO compensation and analyst target prices within the Indian IT sector. One report highlighted that Persistent Systems' CEO, Sandeep Kalra, was among India's highest-paid CEOs in fiscal year 2026, with a compensation package exceeding ₹388 crore. This news comes amidst broader sector commentary on slowing growth in FY26 and rising CEO pay across leading IT firms. Additionally, Persistent Systems was included in lists of IT stocks for which analysts have issued fresh target prices, though specific details or changes to these targets were not provided in the evidence.

- On September 17, 2026, Persistent Systems' CEO Sandeep Kalra was reported to have earned over ₹388 crore in FY26, ranking him among India's highest-paid CEOs.
- Reports on September 17 and September 16, 2026, included Persistent Systems in discussions regarding fresh target prices for IT stocks, alongside other major Indian IT companies.
- Broader sector analysis on September 17, 2026, suggested that Indian IT margins could face pressure in FY28 if the rupee's depreciation support fades, with potential earnings estimate cuts.
- A September 16, 2026, report noted that while CEO compensation has risen significantly in the Indian IT sector, revenue growth has slowed in FY26, with artificial intelligence reshaping the industry.

- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### What Changed

Persistent Systems Limited has announced a series of investor and analyst meetings scheduled for September 21, 2026. These meetings are intended to provide an overview of the company and discuss recent public announcements. Separately, news reports from FY26 highlight the compensation of the company's CEO, Sandeep Kalra, who reportedly earned over ₹388 crore. The company's stock closed at ₹5,416.0 on September 18, 2026, a slight decrease from its previous closing price of ₹5,473.0.

- Investor and analyst meetings are scheduled for September 21, 2026.
- CEO Sandeep Kalra's compensation in FY26 was reported to exceed ₹388 crore.
- The stock closed at ₹5,416.0 on September 18, 2026.
- The previous closing price on the NSE was ₹5,473.0.

- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- Persistent Systems Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL

### Official Filings

Persistent Systems Limited has announced that the minimum acceptance threshold for its public takeover offer for Nagarro SE was met as of September 17, 2026. This development signifies progress in the acquisition process. The company's Board of Directors, on September 2, 2026, approved a plan to raise up to USD 1,250 million. This fundraising could involve long-term debt and equity-linked instruments, with a cap of USD 450 million for securities. Shareholder and regulatory approvals are required for this initiative. Additionally, the company received an ESG rating of '77' (Leadership category) from Crisil ESG Ratings & Analytics Limited, based on its FY 2025-26 disclosures.

- On September 17, 2026, the minimum acceptance threshold for the public takeover offer for Nagarro SE was fulfilled.
- On September 2, 2026, the Board approved raising up to USD 1,250 million through debt and equity-linked instruments, subject to approvals.
- Fundraising through securities is capped at USD 450 million under the approved plan.
- On August 31, 2026, the company received an ESG rating of '77' from Crisil ESG Ratings & Analytics Limited.

- Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Persistent Systems Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Persistent Systems Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Persistent Systems Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Persistent Systems Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Persistent Systems Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 05, 2026 |SUBJECT: Shareholders meeting
- PERSISTENT SYSTEMS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Extra-ordinary Meeting to be held on 05-Oct-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Persistent Systems Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026. |SUBJECT: Outcome of Board Meeting
- Persistent Systems Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 |SUBJECT: General Updates
- Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates

### Fundamentals

Persistent Systems reported revenue from operations of ₹4,303.23 crore for Q1 FY2026-27. This follows a reported revenue of ₹4,055.94 crore in Q4 FY2025-26 and ₹3,778.21 crore in Q3 FY2025-26, indicating a sequential increase in revenue. Profit Before Tax (PBT) for Q1 FY2026-27 was ₹623.10 crore, compared to ₹673.98 crore in Q4 FY2025-26 and ₹564.99 crore in Q3 FY2025-26. While revenue has shown an upward trend, PBT experienced a dip in the most recent quarter after an increase in the prior one. Finance costs increased to ₹29.14 crore in Q1 FY2026-27 from ₹18.68 crore in Q4 FY2025-26. Tax expense was ₹140.06 crore in Q1 FY2026-27. Basic Earnings Per Share (EPS) from continuing operations was ₹30.88 per share in Q1 FY2026-27, down from ₹33.83 in Q4 FY2025-26 but up from ₹28.15 in Q3 FY2025-26. Diluted EPS followed a similar pattern. Key monitoring areas include the translation of revenue growth into profit before tax and the trend in finance costs.

- Revenue from operations for Q1 FY2026-27 was reported as ₹4,303.23 crore.
- Profit Before Tax (PBT) in Q1 FY2026-27 was ₹623.10 crore.
- Finance costs increased to ₹29.14 crore in Q1 FY2026-27.
- Basic Earnings Per Share (EPS) from continuing operations was ₹30.88 per share in Q1 FY2026-27.
- Diluted Earnings Per Share (EPS) from continuing operations was ₹30.51 per share in Q1 FY2026-27.

### Bull Case

Persistent Systems' technical indicators show a generally constructive setup across multiple timeframes as of September 18, 2026. The daily trend exhibits a bullish SuperTrend signal, supported by a positive slope in the 50-day Simple Moving Average (SMA). On a weekly basis, the SuperTrend is also bullish, with the 20-day Exponential Moving Average (EMA) showing a positive slope. The monthly trend also indicates a bullish SuperTrend. These indicators suggest underlying positive momentum in the stock's price action.

- The daily SuperTrend indicator is currently 'bullish'.
- The 50-day SMA on the daily chart shows a positive slope.
- The weekly SuperTrend indicator is 'bullish'.
- The monthly SuperTrend indicator is 'bullish'.

- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### Bear Case

The company's stock performance shows a notable decline over longer periods, with a return of -16% since its inception and -14% year-to-date as of September 18, 2026. While recent monthly and 6-month returns have been positive (15% for 6 months), the longer-term trend indicates a cautionary signal. Additionally, the company has experienced a current drawdown of -17% and a maximum drawdown of -35%, suggesting significant volatility and potential for substantial value erosion. Market commentary indicates that Indian IT margins could face pressure in FY28 if the rupee's depreciation support fades, with rising competition potentially leading to earnings estimate cuts in the second half of FY27. This sector-wide concern could impact Persistent Systems.

- As of September 18, 2026, the stock has a year-to-date return of -14% and a since-inception return of -16%.
- The current drawdown stands at -17%, with a maximum drawdown recorded at -35%.
- Market analysis suggests potential pressure on Indian IT company margins in FY28 due to fading rupee depreciation support.
- Rising competition in the IT sector may lead to earnings estimate reductions in the latter half of FY27.

- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### FAQs

**What is the status of Persistent Systems' takeover offer for Nagarro SE?**

As of September 17, 2026, Persistent Systems announced that the minimum acceptance threshold condition for its public takeover offer to shareholders of Nagarro SE has been met. This announcement was made following the expiry of the acceptance period.

**What recent investor interactions has Persistent Systems scheduled?**

Persistent Systems has scheduled investor meetings for September 21, 2026. These meetings will include interactions with representatives from Ashmore Investment, LIC MF, Franklin Templeton MF, and Hudson Bay. The company confirmed that no unpublished price-sensitive information will be disclosed during these sessions.

**How has Persistent Systems' stock performed over different periods?**

As of September 18, 2026, Persistent Systems' stock has shown the following returns: a 15% return over the last 6 months, a 10% return over the last 3 months, and a -1% return over the last month. Over the longer term, the stock has returned -2% over 5 years, -3% over 1 year, and -4% over 10 years. The year-to-date return is -14%, and the return since the start of trading is -16%.

**What are the key technical levels for Persistent Systems' stock?**

As of September 18, 2026, key technical levels for Persistent Systems include support levels at ₹5397.97, ₹5363.67, ₹5321.83, and ₹5277.61. Resistance levels are identified at ₹5418.33, ₹5460.17, ₹5514.83, and ₹5556.67.

- India’s highest-paid CEOs in FY26: Who took home the biggest pay packages
- TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks
- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants
- Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- Persistent Systems Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Persistent Systems Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Persistent Systems Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Persistent Systems Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹5,460.17
- Risk regime: Price Risk Requires Attention

### Support levels
- 5397.971850585937
- 5277.612499999999
- 4981.97578125

### Resistance levels
- 5636.54609375
- 5910
- 6011.94765625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.04% |
| return_10 | -4.26% |
| return_1m | -0.49% |
| return_1y | -2.72% |
| return_20 | -4.55% |
| return_3m | +9.62% |
| return_5 | -1.70% |
| return_6m | +15.27% |
| return_since_start | -15.86% |
| return_ytd | -13.79% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -34.51% |
| annualized_volatility | +36.27% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue Growth Continues; Profit Before Tax Declines Sequentially

Persistent Systems reported revenue from operations of ₹4,303.23 crore for the quarter ended 30 June 2026, up 6.1% from the previous quarter and 29.1% from the same quarter last year. Profit before tax, however, fell 7.5% sequentially to ₹623.10 crore, as higher expenses, including a sharp rise in finance costs, outweighed the revenue increase. The effective tax rate remained stable, and earnings per share declined in line with profit. Other comprehensive income swung to a large gain, significantly boosting comprehensive income.

## Revenue Growth

Revenue from operations has grown consistently over the past five quarters, from ₹3,333.59 crore in Q1 FY2025-26 to ₹4,303.23 crore in the current quarter. The sequential growth of 6.1% and year-over-year growth of 29.1% indicate continued expansion.

## Profitability and Expenses

Profit before tax (PBT) declined to ₹623.10 crore from ₹673.98 crore in the prior quarter, a decrease of 7.5%. The decline occurred alongside increases in several expense items.

- Employee benefit expense, the largest cost component, was ₹2,865.97 crore, representing 66.6% of revenue.
- Finance costs rose sharply to ₹29.14 crore from ₹18.68 crore in Q4, a 56% increase. On a year-over-year basis, finance costs were up 70.8% from ₹17.06 crore.
- Other unallocable expenditure (net) increased to ₹874.84 crore from ₹752.89 crore in the prior quarter, a rise of 16.2%.

The effective tax rate for the quarter was 22.5%, within the range of 21.5% to 23.6% observed over the past five quarters, indicating no unusual tax items.

## Earnings Per Share

Basic earnings per share (EPS) from continuing operations decreased to ₹30.88 from ₹33.83 in the prior quarter, a decline of 8.7%, consistent with the decline in net profit. Diluted EPS was ₹30.51, slightly lower than basic EPS, indicating minimal dilution. Compared to the same quarter last year, basic EPS increased 12.6% from ₹27.43.

## Other Comprehensive Income

Other comprehensive income (OCI) swung from a loss of ₹24.82 crore in Q4 to a gain of ₹103.15 crore in the current quarter. This is the largest positive OCI in the five-quarter period, which previously ranged from -₹24.82 crore to ₹23.31 crore. As a result, total comprehensive income for the quarter rose to ₹586.20 crore, up from ₹504.44 crore in the prior quarter, despite the decline in profit before tax.

## Key Takeaway

The quarter was marked by continued revenue growth but a sequential decline in profit before tax. Higher expenses, including a sharp increase in finance costs and a rise in other unallocable expenditure, contributed to the profit decline. Employee expenses remained the dominant cost. The effective tax rate was stable. Other comprehensive income added a substantial gain, lifting comprehensive income above the prior quarter's level.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_18092026141458_SEIntimation_Final_sd.pdf)
- 2026-09-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_18092026211541_PSLIntimationofInvestorsSessions18092026Sd.pdf)
- 2026-09-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_18092026215118_PSLSMPResignationIntimation18092026Sd.pdf)
- 2026-09-17 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260917_214720893.xml)
- 2026-09-17 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_17092026220150_PSLIntimationofInvestorsSessions17092026Sd.pdf)
- 2026-09-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_16092026221825_PSLIntimationofInvestorsSessions16092026Sd.pdf)
- 2026-09-13 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_13092026225501_Reg30NewspaperPublicationforEGMSigned.pdf)
- 2026-09-12 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_12092026122147_PersistentEGMNoticeSE_IntimationSigned.pdf)
- 2026-09-12 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_3142_WebXMLFile_20260912_231659524.xml)
- 2026-09-02 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_02092026221625_PersistentSEOutcomeoftheBMSeptember22026signed.pdf)
- 2026-09-02 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_02092026222258_PersistentSEOutcomeoftheBMSeptember22026signed.pdf)
- 2026-09-01 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_01092026201859_PSLESGRatingissuedbyCrisilESG_RatingsandAnalyticsLimitedSD.pdf)
- 2026-09-01 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_01092026200615_PSLUpdateonIntimationofInvestorAnalystSessionSeptember12026sd.pdf)
- 2026-08-31 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_31082026230209_PSLESGRatingissuedbySESESGResearchPrivateLimitedSigned.pdf)
- 2026-08-30 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3142_WebXMLFile_20260831_003440773.xml)
- 2026-08-30 — Board Meeting Notice: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3142_WebXMLFile_20260831_003440773.xml)
- 2026-08-26 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26082026200656_PSLIntimationofInvestorSessionAugust262026sd.pdf)
- 2026-08-26 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260826_201204145.xml)
- 2026-08-24 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260824_191544383.xml)
- 2026-08-24 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_24082026190433_PSLOutcomeofInvestorAnalystSessionAugust242026sd.pdf)
- 2026-08-20 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260820_164557710.xml)
- 2026-08-20 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_20082026163715_PSLOutcomeofInvestorAnalystSessionAugust202026sd.pdf)
- 2026-08-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260818_180118533.xml)
- 2026-08-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20260818_193749642.xml)
- 2026-08-18 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_18082026192950_PSLOutcomeofInvestorAnalystSessionAugust182026sd.pdf)

## News and market events

- 2026-09-17 — CNBC-TV18: **India’s highest-paid CEOs in FY26: Who took home the biggest pay packages** — Meet India’s highest-paid CEOs in FY26. From Persistent Systems' Sandeep Kalra crossing ₹388 crore to Angel One's Ambarish Kenghe posting a 10,000% spike, here are the 10 highest-paid business leaders in FY26 and their compensation packages. — [Source](https://www.cnbctv18.com/photos/business/indias-highest-paid-ceos-in-fy26-who-took-home-the-biggest-pay-packages-19993029.htm)
- 2026-09-17 — BUSINESSTODAY: **TCS, Infosys, HCL Tech, Wipro, LTM, FSol, Birlasoft, Coforge: Fresh target prices for top IT stocks** — IT stocks, IT stocks to buy, IT stocks target prices, which IT stocks to buy, IT stocks to sell, Which IT stocks should I sell,, Tata Consultancy Services, Firstsource Solutions, Birlasoft, Coforge, HCL Tech, LTM, Persistent Systems, TCS, Eclerx, Infosys, Mphasis, Tech Mahindra, Wipro, Zensar Technologies, Firstsource target price, Birlasoft target price, Coforge target price, HCL Tech target price target price, LTM target price, Persistent Systems target price, TCS target price, Eclerx target price, Infosys target price, Mphasis target price, TechM target price, Wipro target price, Zensar Tech target price — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-hcl-tech-wipro-ltm-fsol-birlasoft-coforge-fresh-target-prices-for-top-it-stocks-556193-2026-09-17)
- 2026-09-17 — CNBC-TV18: **Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial** — JM Financial's Rajiv Berlia says Indian IT margins held up this year mainly because of rupee depreciation, and FY28 could see pressure return if that support fades. He expects earnings estimates to be cut to neutral in the second half of FY27 as competition rises. He still holds buy or add ratings on nine of his 15 covered stocks, led by Mphasis and Sagility. — [Source](https://www.cnbctv18.com/market/indian-it-sector-fy28-margin-risks-rupee-depreciation-jm-financial-rajiv-berlia-mphasis-infosys-coforge-sagility-hcltech-tech-mahindra-artificial-intelligence-alpha-article-19992545.htm)
- 2026-09-16 — BUSINESSTODAY: **TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks** — IT stocks, IT stocks to buy,, Indian IT stocks, IT sector outlook, IT stocks outlook, TCS share price, Infosys share price, Wipro share price, HCLTech share price, Tech Mahindra share price, Coforge share price, Persistent Systems share price, Mphasis share price, Nirmal Bang IT sector report, Nirmal Bang IT stocks, AI impact on IT stocks, IT sector stocks, IT stocks outlook FY27, Nirmal Bang IT sector report September 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infy-hcl-tech-techm-ltm-coforge-mphasis-check-fresh-price-targets-for-these-it-stocks-555868-2026-09-16)
- 2026-09-16 — CNBC-TV18: **IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants** — Artificial intelligence is reshaping India’s IT services industry, with growth slowing sharply across much of the sector in FY26. At the same time, CEO compensation at several leading IT companies including Infosys, TCS, Wipro and others, has risen significantly over the past two years. Here’s how CEO pay, revenue growth and stock performance compare. — [Source](https://www.cnbctv18.com/photos/market/it-ceos-pay-soars-but-stocks-struggle-numbers-behind-indias-tech-giants-tcs-hcltech-persistent-mphasis-wipro-19991721.htm)
- 2026-09-15 — BUSINESS: **Indian IT stocks rally as AI caution eases disruption fears** — Indian IT stocks rallied sharply on Tuesday as concerns over AI-driven disruption eased. — [Source](https://www.business-standard.com/markets/capital-market-news/indian-it-stocks-rally-as-ai-caution-eases-disruption-fears-126091500282_1.html)
- 2026-09-15 — BUSINESSTODAY: **TCS, Infosys, HCLTech, Tech Mahindra, Wipro shares jump; Nifty IT rises 5% in early trade. Here's why** — Nifty IT, Indian IT stocks, TCS, Infosys, HCLTech, Tech Mahindra, Wipro, AI development, artificial intelligence, frontier AI, AI spending, AI infrastructure, US tech stocks, Nasdaq, Donald Trump, Sam Altman, Elon Musk, Satya Nadella, AI risks, AI debate, Indian IT sector — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-hcltech-tech-mahindra-wipro-shares-jump-nifty-it-rises-5-in-early-trade-heres-why-555507-2026-09-15)
- 2026-09-15 — News18: **IT Stocks Surge Up To 6.3%: Why Are TCS, Infosys, HCLTech, Tech Mahindra Rising Today?** — IT Stocks Today: HCLTech surges 6.33%, TCS 4.61%, Infosys 4.47%, Tech Mahindra 4.75%, Mphasis 4.49% and Persistent Systems 2.93% in early trade. — [Source](https://www.news18.com/business/markets/it-stocks-surge-up-to-6-3-why-are-tcs-infosys-hcltech-tech-mahindra-rising-today-10329763.html)
- 2026-09-15 — Economic Times: **Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment** — Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about 5%. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/infosys-hcltech-tcs-other-it-stocks-soar-up-to-6-nifty-it-rallies-5-as-global-ai-slowdown-calls-boost-sentiment/articleshow/134251675.cms)
- 2026-09-15 — MONEYCONTROL: **HCL Tech, TCS, Infosys jump 5-7% as AI slowdown calls lift IT stocks; Nifty IT surges nearly 5%** — nifty it today, it stocks jump — [Source](https://www.moneycontrol.com/news/business/markets/hcl-tech-tcs-infosys-jump-5-7-as-ai-slowdown-calls-lift-it-stocks-nifty-it-surges-nearly-5-14029943.html)
- 2026-09-11 — MONEYCONTROL: **Nifty IT reverses 2-month buying streak as faster AI rollout renews deflation concerns** — Sensex,Nifty,IT index,IT stocks,Information Technology stocks,IT, — [Source](https://www.moneycontrol.com/news/business/markets/nifty-it-reverses-2-month-buying-streak-as-faster-ai-rollout-renews-deflation-concerns-14027690.html)
- 2026-09-10 — BUSINESSTODAY: **Coforge, Persistent, Tech Mahindra: Choice shares top IT picks; check targets** — Coforge, Persistent Systems, Tech Mahindra, Choice Institutional Equities, IT stocks, Indian IT sector, BFSI, artificial intelligence, AI spending, technology spending, stock market, TCS, Infosys, Wipro, HCLTech, LTIMindtree, Mphasis, Zensar Technologies, Happiest Minds — [Source](https://www.businesstoday.in/markets/stocks/story/coforge-persistent-tech-mahindra-choice-shares-top-it-picks-check-targets-554456-2026-09-10)
- 2026-09-08 — Mint: **Which mid-cap stocks are fund managers chasing? Federal Bank leads the list, Swiggy enters top 10 | Mint** — Fund managers are reshuffling their mid-cap bets, with some stocks gaining traction. The July portfolio disclosures of actively managed funds reveal the changing favourites and offer clues about where institutional interest is building. — [Source](https://www.livemint.com/money/personal-finance/which-mid-cap-stocks-are-fund-managers-chasing-federal-bank-leads-the-list-swiggy-enters-top-10-11788883112167.html)
- 2026-09-08 — CNBC-TV18: **Indian IT’s AI frontrunners: CLSA ranks TCS, Infosys, HCLTech and more** — TCS, Infosys, HCLTech or Persistent Systems — who is ahead in the AI race? CLSA’s latest ranking puts India’s IT players under the lens across six key capabilities, throwing up some interesting winners and laggards. — [Source](https://www.cnbctv18.com/photos/market/stocks/indian-it-ai-frontrunners-clsa-ranks-tcs-infosys-hcltech-wipro-persitent-and-more-19986760.htm)
- 2026-09-08 — BUSINESSTODAY: **Infosys, HCL Tech, LTM, Persistent Systems: CLSA picks these 2 stocks; here's why** — Stocks to buy, IT stocks to buy, Infosys share price, Persistent Systems share price, LTM share price, HCL Tech share price, TCS share price — [Source](https://www.businesstoday.in/markets/stocks/story/infosys-hcl-tech-ltm-persistent-systems-clsa-picks-these-2-stocks-heres-why-553818-2026-09-08)
- 2026-09-07 — Mint: **Coforge confident of hitting $5 billion revenue target well before FY30, brushes off AI deflation fears | Company Business News** — Driven by proactive deal wins, legacy modernization, and strategic M&A, CEO Sudhir Singh expects organic growth to keep top-line expansion on track despite industry price wars and governance pushback. — [Source](https://www.livemint.com/companies/news/coforge-ceo-sudhir-singh-interview-ai-revenue-target-11788685575295.html)
- 2026-09-03 — CNBC-TV18: **Sensex, Nifty end lower after failing to hold opening gains: What drove today’s trade?** — Banks provided support to the market, with Axis Bank and HDFC Bank among the top Nifty gainers. RBL Bank and IDFC First Bank gained up to 5% after big FCNR deposits. — [Source](https://www.cnbctv18.com/market/sensex-nifty-end-lower-after-failing-to-hold-opening-gains-what-drove-todays-trade-19983335.htm)
- 2026-09-03 — CNBC-TV18: **Persistent Systems shares in focus after board approves $1.25 billion fundraise** — Persistent Systems' fund raise approval comes just a couple of months after the company announced its acquisition of Nagarro SE for €1,27 billion. — [Source](https://www.cnbctv18.com/market/persistent-systems-share-price-board-approves-fund-raise-equity-debt-fccb-other-methods-nagarro-acquisition-returns-19982865.htm)
- 2026-09-03 — BUSINESSTODAY: **Top stocks in news: Meesho, Power Grid, Lumino, Hexaware Tech, HUDCO, Ola Electric, RBL Bank, NMDC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Meesho, Power Grid, Lumino Industries, Hexaware Technologies, HUDCO, Ola Electric, RBL Bank, NMDC, Page Industries, Power Grid Corporation of India, ICICI Prudential Life Insurance Company, Housing & Urban Development Corporation, Ola Electric Mobility, Persistent Systems, Heidelberg Cement — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-meesho-power-grid-lumino-hexaware-tech-hudco-ola-electric-rbl-bank-nmdc-552997-2026-09-03)
- 2026-09-02 — Economic Times: **Layoffs at Uber; Astrobase eyes fresh fundraise** — Uber will cut thousands of jobs in ‌a restructuring move. This and more in todays ETtech Top 5. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/uber-cuts-3300-jobs-inside-happiest-minds-itc-infotech-merger/articleshow/133711742.cms)
- 2026-08-31 — BUSINESS: **Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness?** — So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise. — [Source](https://www.business-standard.com/markets/news/nifty-it-tanks-2-infosys-wipro-top-losers-what-s-behind-the-weakness-126083100415_1.html)
- 2026-08-31 — BUSINESSTODAY: **Persistent Systems shares update on fundraising, stock slips 4%** — Persistent Systems, Persistent Systems shares FALL, Persistent Systems stock slips,  Persistent Systems stock crashes, Persistent Systems stock falls, Persistent Systems fundraising,  Persistent Systems Q1 earnings, Persistent Systems net profit, Persistent Systems revenue, Persistent Systems deal — [Source](https://www.businesstoday.in/markets/stocks/story/persistent-systems-shares-update-on-fundraising-stock-slips-4-percent-552135-2026-08-31)
- 2026-08-28 — Economic Times: **HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?** — Indian IT stocks surged sharply, led by gains in largecap names, after Nvidias strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/hcltech-tcs-infosys-other-it-stocks-rally-up-to-5-what-lies-ahead/articleshow/133584340.cms)
- 2026-08-28 — Times of India: **Stock Market Live Updates Today: Sensex opens 200 points higher, Nifty hovers around 24,000 ahead of Fed chair’s address - The Times of India** — The equity markets are set for a closely watched trading session on Friday, with the Sensex and Nifty expected to react to global cues and comments f — [Source](https://timesofindia.indiatimes.com/business/india-business/sensex-stock-market-today-28-august-2026-live-updates-nse-bse-gift-nifty-50-top-gainers-losers-mcx-stocks-in-focus-market-news/liveblog/133582507.cms)
- 2026-08-28 — Economic Times: **Sensex Today | Nifty50 | Stock Market LIVE Updates: Sensex jumps over 300 pts, Nifty above 24,100; Infosys, Eternal rise 2% each - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: The Indian stock market opened in the green on Friday, a day after Sensex saw sharp downward spikes in the fag end of its month-expiry session, spooking investors. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-wipro-lenskart-share-price-28-august-2026/liveblog/133581293.cms)

## Business profile

**Strategic vision:** AI-led digital engineering and enterprise modernization partner.

### Business segments
- **Digital Engineering:** Focuses on digital transformation, digital product engineering, and CX innovation.
- **Enterprise Modernization:** Aids in modernizing core IT systems and leveraging data for business intelligence.

### Competitive strengths
- Deep technical expertise combined with industry experience.
- Global team across 18 countries.
- Focus on AI-led, platform-driven solutions.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/persistent
Markdown representation: https://faxioms.com/stocks/persistent?render=md