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 short-term challenges exist, margin recovery and future growth are seen as achievable.
Inox Wind shares gain 3% after bagging Rs 1,600-crore order from NLC India
Inox Wind secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. This project involves end-to-end execution and will be commissioned