Persistent Share Price Target Tomorrow 2024 To 2030 and More Details

Persistent Systems Ltd is an Indian IT services company that specializes in software development, cloud computing, and digital transformation. Founded in 1990, the company provides end-to-end technology solutions for industries like healthcare, banking, and telecommunications. Persistent Share Price on NSE as of 21 October 2024 is 5,256.00 INR. Here will provide you more details on Persistent Share Price Target 2024, 2025, 2026 to 2030.

Persistent Systems Ltd: Market Overview

• Open Price:  ‎₹5,508.00
• High Price:  ‎₹5,560.00
• Low Price:  ‎₹5,205.00
• Previous Close:  ‎₹5,506.15
• Volume: 498,478
• Value (Lacs):  ‎₹26,158.38
• VWAP:  ‎₹5,380.19
• UC Limit:  ‎₹6,056.75
• LC Limit:  ‎₹4,955.55
• P/E ratio: 69.09
• Div yield: 0.49%
• 52-wk high:  ‎₹5,689.95
• 52-wk low:  ‎₹2,840.00
• Mkt cap:  ‎₹80.29KCr
• Face Value:  ‎₹10

Persistent Systems Ltd Competitors

Here are five competitor companies of Persistent Systems Ltd along with their approximate market capital:

1. Tata Consultancy Services (TCS) – Market Capital: ₹13.5 trillion
2. Infosys Ltd – Market Capital: ₹6.5 trillion
3. Wipro Ltd – Market Capital: ₹2.3 trillion
4. HCL Technologies Ltd – Market Capital: ₹3.6 trillion
5. Tech Mahindra Ltd – Market Capital: ₹1.4 trillion

Persistent Share Price Chart

Persistent Share Price Target Tomorrow 2024 To 2030

Persistent Share Price Target 2024

Persistent share price target 2024 Expected target could be ₹5,630. Here are three key factors that could affect the growth of Persistent Systems Ltd share price target for 2024:

• Strong Demand for Digital Transformation: With companies globally accelerating their digital transformation efforts, Persistent’s expertise in cloud computing, AI, and data analytics will drive demand for its services, boosting revenue and supporting share price growth.
• Expansion in Key Markets: Persistent’s focus on expanding its presence in North America and Europe, along with strategic acquisitions, could help capture a larger market share, contributing to higher growth and increased investor confidence in 2024.

• Innovation in Emerging Technologies: The company’s continued investment in emerging technologies like AI, machine learning, and automation will enhance its service offerings. This innovation will strengthen its competitive edge and positively impact the company’s financial performance and share price.

Persistent Share Price Target 2025

Persistent share price target 2025 Expected target could be ₹8,115. Here are three potential risks and challenges that could affect Persistent Systems Ltd share price target for 2025:

• Intense Competition: The IT services industry is highly competitive, with major players like TCS, Infosys, and Wipro offering similar services. Persistent may face pricing pressures and client retention challenges, which could impact its growth and profitability.
• Global Economic Slowdown: A global economic downturn or slowdown, especially in key markets like the US and Europe, could lead to reduced IT spending by clients. This may result in slower revenue growth for Persistent, affecting its share price in 2025.

• Dependence on Key Clients: Persistent’s business heavily relies on a few large clients for a significant portion of its revenue. Any loss or reduction in business from these clients could negatively impact its financial performance, creating risk for its stock price stability.

Persistent Share Price Target 2030

Persistent share price target 2030 Expected target could be ₹18,375. Here are three potential risks and challenges that could affect Persistent Systems Ltd share price target for 2030:

• Technological Disruption: The IT and software industry evolves rapidly, with emerging technologies like quantum computing or new AI innovations potentially rendering existing solutions obsolete. If Persistent fails to adapt quickly, it risks falling behind competitors, impacting long-term growth.
• Talent Retention and Skill Gaps: As demand for highly skilled IT professionals increases, retaining top talent may become more difficult. Rising salary costs and potential skill gaps could hinder Persistent’s ability to deliver innovative solutions, affecting its operational efficiency and profitability.

• Regulatory and Data Privacy Challenges: Stricter global regulations around data privacy, cybersecurity, and compliance may increase operational costs. Failing to meet these evolving regulations or handling security breaches could lead to reputational damage and financial penalties, adversely affecting the company’s share price over time.

Persistent Systems Ltd Shareholding Pattern

• Promoter: 30.66%
• FII: 23.33%
• DII: 27.37
• Public: 18.64%

FOR MORE DETAIL FOLLOW THE OFFICIAL WEBSITE: http://www.persistent.com/

Persistent Systems Ltd Financials

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