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Underweight on IT, but positive on these mid-size firms: Quest Investment CIO
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Managers, prefers product companies and mid-size IT firms such as Oracle Financial Services and Persistent Systems, expecting stronger growth in this segment than in large-cap IT, even as he maintains an overall underweight stance on the sector.
Buy Persistent Systems; target of Rs 6200: Motilal Oswal
Motilal Oswal recommended is bullish on Persistent Systems recommended buy rating on the stock with a target price of Rs 6200 in its research report dated Jun 22, 2026.
IT stocks outlook darkens after Accenture guidance cut; AI alone not to blame, weak demand a key concern
Following Accenture's guidance cut, analysts flagged persistent macroeconomic uncertainty, delayed decision-making by clients and potential downside risks to FY27 growth forecasts for Indian IT companies.
Commodity Corner: Oil slides, precious metals extend losses amid strong dollar
Gold and other precious metals remained under pressure due to a stronger U.S. dollar and persistent hawkish signals from the Federal Reserve.
IT shares fall for fourth day on weak sentiment over OpenAI deployment company; Persistent, HCLTech down up to 5%
Nifty IT index declined nearly 3 percent even as benchmark indices Sensex and Nifty traded higher.
Vedanta Aluminium stock rating: Citi bullish despite post-listing decline, expects aluminium prices to recover
Citi said it expects global aluminium prices to remain supported by persistent supply deficits despite recent weakness in the market. The bullish views come days after Vedanta Chairman Anil Agarwal outlined aggressive growth plans for the business, saying aluminium capacity could double.
IT index rises over 2%, snaps 4-day losses: Persistent, OFSS, others gain up to 3.5%
Nifty IT index was the top sectoral gainer during the session, climbing 2.75% intraday.
Buy Persistent Systems; target of Rs 6461: Anand Rathi
Anand Rathi is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6461 in its research report dated April 22, 2026.
First Tick: Top global cues to watch in today’s trade
FIIs continued their selling streak on June 10, offloading equities worth Rs 2,124 crore. In contrast, DIIs remained net buyers, purchasing equities worth Rs 3,123 crore, providing support to the domestic market amid persistent foreign fund outflows.
Is Persistent a good buy after the steep correction?
Acquisition of Nagarro expands scale and capabilities, but investors need to watch leverage, margins, and integration risks
Auto shares snap 4-day rally to decline up to 3% after FADA's May sales data
Persistent heatwave conditions in some regions, fuel price trends and the situation in West Asia, along with their impact on freight and input costs, remain key factors to monitor.
IT index extends rise, jumps nearly 4% in 2 days as rupee depreciates; Persistent, Coforge top gainers
Nifty IT index has gained about 4% in the last two sessions after witnessing a steep correction last week amid concerns over new AI deployments by OpenAI.