Persistent Systems commands a strong position in the OPD space by virtue of its ability to offer solutions across each stage of product development. The company has significant domain expertise in telecommunications, life sciences and healthcare and in infrastructure. Good business model. Strong corporate governance architecture with two of the independent directors on board since 2001. Good operating margins. Strong team of highly skilled professionals and management. CRISIL has awarded grade -4 indicating above average fundamentals. At the upper band of Rs 310, Persistent would be trading at P/E 16 on FY 09 earnings. The issue is very attractively priced. INVEST.
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