Persistent Systems shares fall 10% on Nagaro acquisition; Bears warn of de-rating
Shares of Persistent Systems Ltd. fell as much as 10% on Monday, June 29, marking their biggest intraday decline since April 2025, after brokerages offered contrasting views on the company’s proposed acquisition of Germany-based digital engineering firm Nagarro SE. CLSA retained its ‘High Conviction Outperform’ rating on the stock with a target price of ₹6,520,…
