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Carnegie Fonder raises concerns over Persistent Systems' acquisition

Carnegie Fonder raised concerns regarding Persistent Systems' €1.27 billion acquisition of Nagarro, questioning the rationale behind paying a 140% premium for a slower-growing firm. This scrutiny could impact investor sentiment and growth strategies.

pre-market1 source ↓written by the desknot a recommendation

acquisition of Nagarro
€1.27 billion
for a slower-growing
140% premium

Carnegie Fonder, a shareholder in Persistent Systems, has questioned the company's planned €1.27 billion acquisition of Nagarro. Portfolio manager Gunnar Pahlson highlighted concerns over paying a 140% premium for a slower-growing European firm, citing potential risks in the automotive sector and the deal's impact on leverage and capital deployment.

This scrutiny may affect investor sentiment towards Persistent Systems as it navigates growth challenges and market dynamics in the IT services sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Jul 2026, 07:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PERSISTENT closed +4.6% on the day of the news, from ₹4,829.90 to ₹5,053.90; Nifty +1.0% over the same session; futures OI −3.7%.

Bulletin at 07:03 IST on 10 Jul 2026. Every change is measured from ₹4,829.90, the last close before it, on 9 Jul. Nifty 50 is measured over the same sessions.

  • PERSISTENT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PERSISTENT closes around the bulletin against the close before the news, with Nifty 50 rebased to it428948305371axis spans 25%before the news · 9 Jul4830Nifty 50PERSISTENTbulletinD0+1+3+53 Jul15 Jul24 JulFutures open interest, lotspeak 44,000Reference close ₹4,829.90. 16 sessions from 3 Jul to 24 Jul; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before9 Jul₹4,829.90basebase
On the day10 Jul₹5,053.90▲ +4.6%▲ +1.0%+3.6 pp difference
+1 session13 Jul₹5,192.40▲ +7.5%▲ +1.0%+6.5 pp difference
+3 sessions15 Jul₹5,075.80▲ +5.1%▲ +0.5%+4.6 pp difference
+5 sessions17 Jul₹5,183.90▲ +7.3%▲ +1.6%+5.8 pp difference
Gap at the open, % · ₹
▲ +2.0%+96.60 on 10 Jul
Day's range, % · ₹
3.4%≈ 160 high to low
Volume on the day
1.11×the 20-session average
Futures OI on the day
▼ −3.7%−1,500 lots · short covering · price +4.6%
Futures OI open, lots
40,00010 Jul · 28 Jul expiry
Futures premium, ₹
+11.10+0.2% to spot
Puts per call, by OI
0.96from 0.84 the session before
Max pain
4,700from 4,650 the session before

Source NSE UDiFF bhavcopy · PERSISTENT on the desk →

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