Persistent Systems Limited
PERSISTENT.NS
₹5616.00
▼ 4.41%
Persistent Systems fell sharply, down 4.41% to ₹5,616, extending a nearly 11% slide to a near 15-month low as concerns build over its proposed takeover of Germany's Nagarro. Nagarro's own Management and Supervisory Boards have now recommended shareholders accept Persistent's €81-per-share voluntary offer — a hefty 140% premium to Nagarro's June 25 closing price and a 93% premium to its 3-month volume-weighted average — in a deal that values the German IT firm at $1.45 billion including debt. Persistent already holds roughly 21-22% of Nagarro plus commitments for another 15%, and the acceptance window runs until September 17, but analysts have flagged the price tag as excessive, weighing on sentiment. Despite strong long-term compounding — a 5-year CAGR of 27.57% and 10-year CAGR of 33.52% — the stock's 1-year return has slowed to just 3.61%, and the 34-analyst consensus has shifted to Hold with an average target of ₹5,511.71.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 3.60% | 4.20% | 27.56% | 33.52% |
Analyst Consensus
Average Target Price: ₹5511.71 (range ₹3310.00 - ₹6931.00) based on 34 analysts
Strong Buy: 7
Buy: 11
Hold: 7
Sell: 6
Strong Sell: 3
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