Persistent Systems Limited
PERSISTENT.NS
₹5800.00
▲ 3.67%
Persistent Systems surged 3.67% to ₹5,800 after Nagarro's management and supervisory boards recommended shareholders accept the company's €81-per-share takeover offer, a bid that represents roughly a 140% premium to Nagarro's undisturbed price and about 93% over its three-month VWAP. Persistent has already locked in a 21-22% stake in the German IT firm via a share purchase agreement with Lantano Beteiligungen, and with BaFin now authorizing the offer document, the company plans to delist Nagarro from the Frankfurt Prime Standard once the roughly €1.27 billion ($1.45 billion) deal closes. Management expects the transaction to be accretive to cash EPS from year one, adding to the goodwill from a strong Q2 where net profit jumped 45% YoY to ₹471.4 crore, prompting Nomura to raise its target to ₹5,200, though it kept a Neutral rating. The stock's long-term record remains strong with a 33.9% CAGR over ten years, and the broader analyst base — 34 strong — pegs an average target of ₹5,511.71 with a consensus hold call.
CAGR Performance
| 1 Year | 2 Years | 5 Years | 10 Years |
|---|---|---|---|
| 7.01% | 5.55% | 28.31% | 33.90% |
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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