Persistent Systems falls 3%: Does AI-led margin beat offer a ‘Buy on Dip’ chance?
Persistent Systems announced its Q3 results, causing its share price to drop by 3%. Brokerages have varying opinions on the stock, with Motilal Oswal maintaining a 'Buy' rating and Nomura retaining a 'Neutral' rating. Motilal Oswal believes in the company's growth potential, while Nomura is concerned about its high valuation. The results showed margin expansion and revenue growth.