Persistent Systems has had its target price raised by CLSA to ₹8,462 per share due to expected growth drivers and margin levers.

The firm predicts a 21% compound annual growth rate (CAGR) in US dollar sales from FY25 to FY27, as well as an increase in EBIT margin assumptions for FY27 to 16.2%.

Indus Towers, on the other hand, has been given a 'Buy' rating by Citi with a target price of ₹485 per share.

Vodafone Group Plc plans to sell its remaining 3% stake in the company, with estimated sale proceeds between ₹2,700-2,800 crore.

After repaying outstanding borrowings of $101 million, Vodafone is expected to invest the remaining proceeds of ₹1,900-2,000 crore into Voda Idea, which will use the funds to settle past dues to Indus Towers.

This could result in Indus being able to pay dividends of ₹11-12 per share for H2 FY25, with potential increases to over ₹20 per share annually in FY26 and FY27, offering a dividend yield of 6% during that period.

Lastly, CLSA has initiated a 'Buy' call on Juniper Hotels with a target price of ₹430 per share, highlighting the company's strong asset ownership and favorable positioning in the growing hotel industry in India.

The firm projects a 16% EBITDA CAGR from FY25 to FY27, driven by improved occupancy and average room rates at Grand Hyatt Mumbai.