Hold Persistent Systems, target price Rs 6,863: InCred Equities

InCred Equities maintains a 'hold' rating on Persistent Systems, raising the target price to Rs 6,863 from Rs 6,260. Strong performance in financial services and healthcare, coupled with potential recovery in the hi-tech sector, fuels this optimism. The company recently reported a 20.2% year-on-year rise in total income, reaching Rs 2,943.67 crore, with a net profit of Rs 325 crore.