CLSA has set a target price of Rs 9,267 for Persistent Systems calling it a ‘high-conviction outperform’ stock, while for TCS, it has set an ‘outperform’ rating. As per CLSA, across the IT sector, Generative Artificial intelligence (AI) has immense potential to bring a shift in human lives. It will be the reason behind new-age tech cycle, allowing Indian IT services firms to make use of. CLSA further believes that data cloud, cybersecurity, SaaS and automation will drive the sector towards growth ahead, the basis of this reasoning being a proprietary framework that evaluates total addressable market, revenue, productivity gains, use cases and implementation. As of 1 pm on March 11, the shares of Persistent systems were trading at Rs 5,218.40, a gain of a percent while TCS shares were Trading at Rs 3,564, a decline of 0.68 percent. The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. For confidential support call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255.