HSBC Maintains Hold Rating on Persistent Systems with Target Price of ₹6,560
HSBC has assigned a Hold rating to Persistent Systems with a target price of ₹6,560.00 per share. The neutral rating indicates the brokerage's expectation that the IT services company's stock will perform in line with market trends. This target price represents HSBC's assessment of the stock's fair value based on their analysis of the company's fundamentals.
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Persistent Systems has received a Hold rating from HSBC, with the global investment bank setting a target price of ₹6,560.00 per share for the IT services company.
HSBC Rating and Target Price
The Hold rating indicates HSBC's neutral outlook on Persistent Systems' stock performance. This rating typically suggests that analysts expect the stock to perform in line with broader market trends rather than significantly outperform or underperform.
| Rating Details: | Specification |
|---|---|
| Brokerage: | HSBC |
| Rating: | Hold |
| Target Price: | ₹6,560.00 |
Investment Implications
A Hold rating generally advises investors to maintain their current positions in the stock without making significant additions or reductions. The target price of ₹6,560.00 represents HSBC's assessment of the stock's fair value based on their analysis of the company's business fundamentals and market positioning.
The rating reflects HSBC's evaluation of Persistent Systems' current market position and expected performance in the IT services sector. Investors typically use such ratings as one of several factors in their investment decision-making process.
Historical Stock Returns for Persistent Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.58% | -1.82% | -1.82% | +12.52% | +2.48% | +664.25% |
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