Persistent Systems shares dropped 10% on June 29, becoming the top midcap loser, as brokerages raised concerns over the high cost of its Nagarro SE acquisition.
The decline has taken the stock's one-year loss to 27.7%
Jun 29, 2026
03:10 pm
What's the storyPersistent Systems' shares plummeted by 10% to ₹4,353.35 today, following the company's announcement of its planned acquisition of German digital engineering firm Nagarro SE.
The deal, valued at €1.27 billion (about $1.4 billion), was met with mixed reactions from brokerages despite its strategic rationale and expected earnings accretion.
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