Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO

Persistent Systems CEO Sandeep Kalra discusses the company’s growth strategy amidst challenging market conditions, focusing on leveraging investments in generative AI and sales/marketing to achieve margin growth goals in the upcoming years. Kalra says: “We want to grow in line with what we have done in the past from an outperformance perspective and that is […]

Anand Rathi initiates coverage on 6 hospital stocks with upside potential of up to 25%

Anand Rathi initiates coverage on 6 hospital stocks, recommending ‘buy’ for Max Healthcare, Rainbow Children’s Medicare, KIMS, and Jupiter Life-Line Hospitals, while suggesting ‘hold’ for Global Health (MEDANTA) and Narayana Hrudayalaya. They cite India’s healthcare market potential, driven by demographic changes and non-communicable diseases, forecasting 15% CAGR to Rs 7.7 lakh crore by FY25.

JNK India IPO opens for subscription. Should you bid?

JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.

5.5 lakh retail investors buy Vodafone Idea shares in Q4

Vodafone Idea’s retail investor shareholding surged by 55 lakh post FPO. Individual investor stake reached 6.17%. Mutual funds stake dropped to 2.06%. Company updated exchanges on shareholding. Telecom operator successfully raised Rs 18,000 crore.

Investing in passive funds? Keep it simple and don’t overthink: Pratik Oswal

Pratik Oswal emphasizes simplicity in passive funds like ETFs and index funds, suggesting investing without overthinking. He highlights the dominance of Nifty 50 and Sensex in passive funds due to pension funds’ influence. Oswal recommends keeping basics in the portfolio. He also says, small and midcaps offer a lot more stability now than they did […]