Persistent Systems shares down 7%, extending losses ahead of Q3 results

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Persistent Systems shares fell 7.6% to Rs 5,447.90, extending a 10% decline in two sessions.
The drop comes ahead of the company’s Q3 FY25 results announcement.
Despite a strong 2024 performance, shares have corrected 19% from the peak of Rs 6,788.
Brokerages project robust growth for Q3, with a net profit of Rs 354.2 crore and revenue of Rs 3,040.3 crore.
Analyst sentiment is mixed, with 16 out of 33 analysts recommending "buy" and a target price of Rs 5,965.

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