PERSISTENT SYSTEMS - UPDATE

Persistent Systems earlier recommended @ Rs @ Rs.430 /- ( Old Link HERE) .Today stock closed @ Rs.1015 .Company will declare its December quarter result on 25th January .I believe ,Persistent is one of the most promising IT company from mid cap space. Even this stock already appreciated close  to 140 % from the recommended level,still recommending to HOLD it for long term in your core portfolio.

BRITANNIA INDUSTRIES / PERSISTENT SYSTEMS - UPDATE

Recently received lot of e-mails from readers  requesting to suggest current stand on two old recommendations , which hit their life time high  during this week - BRITANNIA INDUSTRIES and PERSISTENT SYSTEMS.


1) BRITANNIA INDUTSRIES LTD.

This stock recommended last year @ Rs.493 ,which recently recorded its life time high @ Rs 864 ( For old posting ,Click HERE ). Now  company is going through a transition phase from a low margin biscuit maker  to a high margin food company under the new leadership .Promoters are also taking more attention in these days to bring this company into forefront of their group businesses.Good monsoon is expected to keep  major raw material prices at reasonable level in next year.If the company can report similar performance which it reported in last two quarters ,share price may touch even four digit mark .Requesting to HOLD Britannia now and take a final decision post declaration of second quarter result.

2) PERSISTENT SYSTEMS LTD

This stock recommended @ Rs.430 which recorded its life time high yesterday @ Rs.677 .( For old posting ,Click HERE ). Considering its strong balance sheet ,good management ,operations in high potential areas ..etc making it one of the most promising software company from small / mid cap space.Recommending to HOLD the stock for long term.