This week, brokerages have issued their investment advice for many stocks. Many of these stocks have been recommended for purchase with the expectation of growth. The stocks recommended for purchase include Newsen Software, Westlife Foodworld and Persistent Systems.

Newgen Software Technologies

Jefferies has maintained a buy recommendation on the stock with a target of 1500. The stock closed at 1352 on Friday. According to the report, the management has said that the growth outlook remains strong in view of the better performance in India and West Asia. At the same time, the management is continuously taking steps to speed up the US business. If the report is to be believed, the way for a deal with another Indian bank may be cleared after the recent order from the Reserve Bank. Westlife Foodworld Goldman Sachs has maintained a buy recommendation on the stock and has given a target of 1045 for the stock. The stock closed at 815 in Friday's trading. According to the report, the management is confident that the company will outperform other companies of its level in terms of performance. At the same time, if the report is to be believed, the impact on gross margin in the second quarter is temporary. Persistent system CLSA has given the stock an Outperform rating and has given a target of 8462 for the stock. The stock closed at 6174 on Friday. According to the report, there are many factors that are supporting growth and margins, which has improved the estimates. According to the report, this has increased the company's revenue growth estimates for the medium term and long term. It is estimated that dollar sales can grow at a CAGR of 21 percent between FY 2025 and 27. EBIT margin estimates for FY 2027 have increased from 15.5 percent to 16.2 percent.