Breakout Alert: Persistent, Adani Total Gas Flagged For Bullish Signals
Synopsis
The analyst highlighted Persistent’s 20th consecutive quarter of revenue growth and Adani Total Gas’s aggressive expansion in CNG and EV networks as supporting factors for their bullish outlook.
Persistent Systems and Adani Total Gas have come into focus after delivering robust FY25 results and showing promising technical setups.
Persistent Systems
SEBI-registered analyst Deepak Pal noted that Persistent reported FY25 revenue of ₹11,938 crore with EBIT margins steady at 14.7%, and PAT rising 28% year-over-year to ₹1,400 crore.
Q4 revenue grew 20.7% year-over-year to ₹3,242 crore, EBIT margin improved to 15.6%, and PAT jumped 25.5% to ₹796 crore. The board declared a dividend of ₹35 per share.
Persistent posted its 20th straight quarter of revenue growth, with Q4 total contract value at $517.5 million and average contract value at $350.2 million. CFO Vinit Teredesai joined the board as the firm pursues a platform-led, AI-focused strategy targeting $2 billion in revenue by FY27.
Pal added that the stock remains in a bullish structure, trading above its 14-day Exponential Moving Average (EMA) near ₹6,041.
The RSI stands at 59.7, and the MACD remains above the signal line.
He identified ₹6,000–₹6,010 as a potential buy zone with a stop-loss at ₹5,850 and an upside target of ₹6,200.
Persistent’s stock has declined 6.3% so far in 2025.
Adani Total Gas
On Adani Total Gas, Pal highlighted 13% year-over-year volume growth in FY25, with fourth quarter (Q4) core profit at ₹274 crore and full-year core profit at ₹1,167 crore.
The company added 42 new CNG stations in Q4 and over 400,000 PNG connections in FY25. Backed by Adani Group and TotalEnergies, ATGL has a net debt-to-equity of 0.41× and an ICRA AA/Stable rating. It also expanded its EV charging footprint and signed a fuel distribution tie-up with Jio-BP.
Technically, Pal said the stock is holding support near its 14- and 55-day EMAs, with resistance at ₹686–₹688. He pegged ₹665–₹670 as a buy zone, with a stop-loss at ₹625 and upside potential toward ₹725–₹730.
Shares of Adani Total Gas have declined 10.5% so far in 2025.
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