{"id":84857,"date":"2023-01-20T18:30:00","date_gmt":"2023-01-20T13:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=84857"},"modified":"2023-01-20T18:12:21","modified_gmt":"2023-01-20T12:42:21","slug":"midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/","title":{"rendered":"Midcap IT stock gets a BUY call with a target price of  \u20b9 8,300; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2107959138\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Persistent Systems ltd has recently reported its October to December results and has also approved the issue of an interim dividend. The is a mid-cap company is engaged in the business of software products, services, and technology innovation.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3412934179\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months<\/p><p>For Q3FY2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/PERSISTENT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Persistent systems<\/a><\/strong> reported a net revenue of Rs. 2,169 crores which is an increase of 5.9% QoQ. The company also reported a net profit of Rs. 237.95 crores which is an increase of 8.2% QoQ. The revenues and net profits of the company have increased 45.4% and 34.9% YoY.<\/p><p>Sandeep Kalra, the Chief Executive Officer and Executive Director of Persistent System ltd has stated that the company has won many large deals across industries and service lines which the have 20% sequential growth in company\u2019s total contract value.<\/p><div class=\"trade-content_5\" id=\"trade-4017344684\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>During the recent meeting, the company also reported an issue of an interim dividend of Rs. 28 per share which is 280% dividend on the face value of the company. The ex-date for the issue of an interim dividend stock stands on 25-01-2023&nbsp;<\/p><p>Foreign brokerage firm Macquarie selected Persistent Systems as its Top midcap Stock in the segment, giving it a target price of Rs. 8,330 which an upside of almost 100% percent from the current levels.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Aaron Vas<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3824411622\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Persistent Systems ltd has recently reported its October to December results and has also approved the issue of an interim dividend. The is a mid-cap company is engaged in the business of software products, services, and technology innovation. This week, the share has given a return of 7.51% to its investors. On Friday, the stock [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5567,5472,5568,5570,3387,4447,4319,5426,4321,5569,5571,5572,2473,5573,948,936,3153,3157,2597],"class_list":["post-84857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock","tag-it-stock-news","tag-it-stock-result","tag-it-stock-results-2023","tag-it-stock-to-buy","tag-it-stock-to-watch","tag-it-stocks","tag-it-stocks-2023","tag-it-stocks-outlook","tag-large-cap-it-stock-results","tag-persistent-systems-results","tag-persistent-systems-results-2023","tag-q3-results","tag-q3-results-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details\" \/>\n<meta property=\"og:description\" content=\"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T13:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/\",\"url\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/\",\"name\":\"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\",\"datePublished\":\"2023-01-20T13:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details - Trade Brains Features","description":"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/","og_locale":"en_US","og_type":"article","og_title":"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details","og_description":"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months","og_url":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-01-20T13:00:00+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/","url":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/","name":"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg","datePublished":"2023-01-20T13:00:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"This week, the share has given a return of 7.51% to its investors. On Friday, the stock ended on a positive note at Rs. 4,311 with a return of 1.24%. The shares of the company has outperformed stocks in the IT sector giving a return of 20.99% in the past six months","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/midcap-it-stock-gets-a-buy-call-with-a-target-price-of-8300-check-the-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Midcap IT stock gets a BUY call with a target price of \u20b9 8,300; Check the details"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/84857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=84857"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/84857\/revisions"}],"predecessor-version":[{"id":84870,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/84857\/revisions\/84870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/62638"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=84857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=84857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=84857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}