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CuriousChartist
May 27, 2023 3:04 PM

Can it Persistently Rise?  Long

PERSISTENT SYSTEMSNSE

Description

Market Cap 38,892 Cr.
Stock P/E 41
Industry PE 33
Piotroski score 8
ROCE 31 %
ROE 26 %
Debt to equity 0.17
OPM 18 %
EBIDT growth 3Years 38 %
Promoter holding 31 %

Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its own software and frameworks with pre-built integration and acceleration.
BFSI accounts for the majority of revenues at 31.6%, followed by Healthcare & Life Sciences (20.8%). Tech & emerging verticals account for the remaining 47.6% of revenues.
The company has a global presence with presence in 17 countries including India, Australia, Canada, Germany, Japan etc.
The North American region contributes 78.8% of the total revenue. Contribution from India region was 10.6% and Europe was 8.7% while the Rest of the World contributed 1.9% of total revenue.

Trade active

Indications of a good breakout coming next week. Lets wait and watch.

Comment

Healthy Consolidation

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I see a beautiful pattern forming here. CMP 5060

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5180.. Slowly climbing without grabbing much attention. I'm really liking this setup. Hope it doesn't disappoint.

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Target 1 Achieved.
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