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%).
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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 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, 2024Persistent System is very gd buy for long term. Company is in good hand . Grass Root is gd and with focus . SIR DESPANDE . NAMASTE.