PerkyBanana
PerkyBanana

Why is Persistent System enjoying such a high P/E multiple compared to its peers?

17mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SqueakyQuokka
SqueakyQuokka
  1. They aren't a mass recruiter.
  2. They pay, say 20% more than a mass recruiter would, but in an inexpensive city - Nagpur.
  3. They only take up projects which require specialised skillsets like Salesforce and that pay higher.
SqueakyQuokka
SqueakyQuokka

They also retain higher skilled employees by matching offers from other service based companies.

SqueakyQuokka
SqueakyQuokka

They have something called skill allowance that is paid quarterly. It can even be as much as your CTC.

PerkyBanana
PerkyBanana

With all due respect, how do these affect their stock market position? I think they are ridiculously over valued compared to their peers and slated for a correction in their stock price

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Iss IPO ka math Alagh hai.

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Definitely Nah. This IPO is literally a way of giving investors profits at the cost of Retail Investors. Big red ...

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Pyramid scheme of an IPO, being unleashed to the public.