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Motilal Oswal has recommended three promising IT counters — Persistent Systems, Tech Mahindra, and Cyient DLM — each offering attractive growth opportunities and solid upside potential of up to 29%.
The brokerage expects all three companies to benefit from improving efficiency, steady earnings growth, and favourable sector trends over the next two years.
Motilal Oswal has a Buy on Persistent Systems with a target price of ₹6,550, implying a 23% upside. The brokerage expects its revenue to grow at 19% per annum in dollar terms through FY27, while EPS is projected to rise about 26% yearly, supported by margin improvements.
Tech Mahindra, the brokerage has set a target price of ₹1,900, suggesting a 29% upside. Revenue and profit are expected to grow 8.3% and 39% year-on-year in H2 FY26, respectively. Motilal Oswal noted improving BFSI and logistics demand, along with margin gains from operational efficiency and restructuring initiatives.
Cyient DLM carries a target of ₹550, indicating a 17% upside. The firm expects sustained margin expansion driven by a better product mix, strong order inflows, and rising execution in build-to-spec opportunities. Motilal Oswal believes macro tailwinds and diversification will support further growth momentum.
