Persistent Systems falls 5% after Q2 results
In short
Persistent Systems shares fell about 5% after its Q2 results, according to the market report.
Some analysts are bearish and have sell ratings with targets from ₹4,270 to ₹4,560, which points to more downside. The report does not give the quarter’s numbers or say exactly why investors sold the stock.
What the reporting says
Persistent Systems shares fell about 5% after its Q2 results, according to the headline and market summary. The only cited analysis says bearish brokers including Investec, Citi and Avendus Spark have sell ratings and target prices between ₹4,270 and ₹4,560, implying downside of up to 27% from current levels. The underlying quarterly numbers and the exact reason for the move are not stated in the available reporting.
Why it matters
Persistent Systems shares moved lower after Q2 results, and the market note links the weakness to bearish broker views from Investec, Citi and Avendus Spark. Those firms reportedly see downside to ₹4,270-₹4,560, or up to 27% below current levels. The available reporting does not state the quarterly revenue, profit, guidance or any specific surprise that triggered the drop.