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The Latest Breaking News from Persistent

Carnegie Fonder questions Persistent Systems' Nagarro acquisition, cites growth concerns

In an open letter on professional networking website LinkedIn, portfolio manager Gunnar Pahlson questioned the logic of paying a 140% premium for a slower-growing, lower-margin European business exposed to cyclical industrial and automotive clients, including accounts tied to Lufthansa and Volkswagen.

The Economic Times

In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping

Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend.

The Economic Times

HDFC Bank valuations attractive, banking sector ready for next growth phase: Sandip Sabharwal

Market expert Sandip Sabharwal sees private banks entering a robust phase driven by accelerating credit growth and easing margin pressures. He finds HDFC Bank's valuation attractive despite leadership uncertainties, while noting operational challenges from the merger are largely behind. Sabharwal also highlights opportunities in auto stocks post-correction and remains constructive…

The Economic Times

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Persistent's Nagarro deal faces near-term doubts, but long-term story stays strong: Piyush Pandey

Persistent Systems' acquisition of Nagarro triggered an 11% stock drop, with investors worried about integration and margins. However, market expert Piyush Pandey believes this is an overreaction. The deal offers significant long-term strategic benefits, including expanded vertical access and a stronger European presence, positioning Persistent for larger global deals. While…

The Economic Times

Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal

Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.

The Economic Times

Persistent Systems shares slide 10% after Nagarro deal; Elara retains 'Sell' on growth, margin worries

Persistent Systems' shares dropped significantly following its announcement to acquire German digital engineering firm Nagarro for approximately EUR 1.27 billion. While this move aims to boost European presence and revenue, analysts express concerns about near-term growth and profitability impacts due to the premium acquisition price and Nagarro's weaker financial performance.…

The Economic Times

Persistent Systems to acquire Nagarro; combined entity to generate $2.9 billion in annualised revenue

Indian IT firm Persistent Systems is making a significant move by launching a takeover bid for German digital engineering company Nagarro SE. This potential acquisition, valued at approximately 140% above Nagarro's undisturbed share price, aims to create a global tech powerhouse with nearly $2.9 billion in annual revenue and over…

The Economic Times

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IT needs selectivity, not blind bargain hunting; Energy, defence and healthcare offer better opportunities: Gurmeet Chadha

Market expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valuations, focusing on stock-specific opportunities. He highlights stronger growth visibility in energy, defence, healthcare, and capital market plays, while suggesting midcap IT firms are better positioned for AI monetization.

The Economic Times

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