PER­SIS­TENT SYS­TEMS

Flash News Investment - - RECOMMENDATIONS -

{Ticker : 533179 {FV: ₹10 { 52-Week H/L: ₹915/629.05

We had rec­om­mended Per­sis­tent Sys­tems in Vol­ume No 34, Is­sue No 45 (dated Aug 27, 2018), when the scrip was trad­ing at Rs 873. Our rec­om­men­da­tion was backed by fac­tors like ro­bust fi­nan­cials. The com­pany’s fo­cus has been on dig­i­tal busi­ness, which will con­tinue to drive its growth in FY19 too. Also, for FY19, the com­pany is plan­ning to in­vest more for sales and mar­ket­ing. To ex­pand its geo­graph­i­cal reach, it is look­ing out for more ac­qui­si­tions. Re­cently, it ac­quired Her­ald Tech­nolo­gies, a US-based health-tech startup to grab op­por­tu­ni­ties in health­care do­main. Bet­ter busi­ness mix, greater uti- li­sa­tion ra­tio and strength­en­ing of the US dol­lar against the ru­pee would drive top-line of the com­pany and lead to im­prove­ment in mar­gins. Thus, we urge in­vestors to HOLD the scrip.

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