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PERSISTENT SYSTEMS Gains 3%; BSE IT Index Up 0.3%
Mon, 22 Jul 11:0

PERSISTENT SYSTEMS Gains 3%; BSE IT Index Up 0.3%Image source: DNY59/www.istockphoto.com

PERSISTENT SYSTEMS share price has zoomed 3% and is presently trading at Rs 4,715.8.

Meanwhile, the BSE IT index is at 40,752.8 (up 0.3%).

Among the top gainers in the BSE IT index today are L&T TECHNOLOGY SERVICES (up 2.9%) and CYIENT (up 2.7%).

Wipro (down 8.0%) and ROUTE MOBILE (down 1.8%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 2,487.7 to Rs 4,715.8, registering a gain of Rs 2,228.1 (up 89.6%).

On the other hand, the BSE IT index has moved up from 31,739.1 to 40,752.8, registering a gain of 28.4% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 180.2%), PERSISTENT SYSTEMS (up 89.6%) and INFIBEAM AVENUES (up 86.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,746.0 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.7%) and HDFC Bank (up 2.6%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,568.7 (up 0.2%). BPCL and NTPC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,746.0, registering a gain of 13,950.9 points (up 20.9%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit grew 33.9% YoY to Rs 3,064 million for the quarter ended June 2024, compared to a profit of Rs 2,288 million a year ago. Net sales rose 17.9% to Rs 27,372 million during the period as against Rs 23,212 million in April-June 2023.

For the year ended March 2024, PERSISTENT SYSTEMS reported 18.7% increase in net profit to Rs 10,935 million compared to net profit of Rs 9,211 million during FY23. Revenue of the company grew 17.6% to Rs 98,216 million during FY24.

The current Price to earnings ratio of PERSISTENT SYSTEMS, based on rolling 12 month earnings, stands at 62.0.


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1 Responses to "PERSISTENT SYSTEMS Gains 3%; BSE IT Index Up 0.3%"

N.K.JARIWALA

Jul 22, 2024

Persistent System is very gd buy for long term. Company is in good hand . Grass Root is gd and with focus . SIR DESPANDE . NAMASTE.

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Equitymaster requests your view! Post a comment on "PERSISTENT SYSTEMS Gains 3%; BSE IT Index Up 0.3%". Click here!