VERIFIEDET Markets·29 Jun 2026negative

Persistent Systems shares slide 8% after Nagarro deal; Elara retains 'Sell' on growth, margin worries

AI Summary

·Persistent Systems shares fell 8% after announcing the acquisition of Nagarro for approximately EUR 1.27 billion.
·The acquisition aims to enhance Persistent Systems' European presence and revenue streams.
·Analysts express concerns regarding the deal's impact on near-term growth and profit margins.