PERSISTENT— Persistent Systems

Market veteran Dipan Mehta advocates for selective investing, advising caution on large-cap IT due to AI disruption and highlighting opportunities in mid-cap IT, while also noting high valuations in momentum stocks like Trent and seasonal plays.

Persistent Systems [PERSISTENT] saw its shares decline over 4% post-Q4 results, even as net profit soared by 34% year-on-year. The dip was influenced by several brokerages, including Nomura, cutting their future estimates.