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PERSISTENT SYSTEMS Gains 4%; BSE IT Index Up 2.7%
Wed, 6 Nov 10:7

PERSISTENT SYSTEMS Gains 4%; BSE IT Index Up 2.7%Image source: Sefa Ozel/www.istockphoto.com

PERSISTENT SYSTEMS share price has zoomed 4% and is presently trading at Rs 5,645.4.

Meanwhile, the BSE IT index is at 41,550.6 (up 2.7%).

Among the top gainers in the BSE IT index today are Eclerx Services (up 5.6%) and INTELLECT DESIGN (up 3.9%).

Firstsource Solutions (down 1.3%) and CYIENT (down 0.5%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 3,123.2 to Rs 5,645.4, registering a gain of Rs 2,522.3 (up 80.8%).

On the other hand, the BSE IT index has moved up from 31,589.8 to 41,550.6, registering a gain of 31.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 184.3%), Firstsource Solutions (up 128.7%) and PERSISTENT SYSTEMS (up 80.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,028.2 (up 0.7%).

The top gainers among the BSE Sensex today are Infosys (up 3.1%) and HCl Tech. (up 3.0%). The most traded stocks in the BSE Sensex are ITC and Infosys.

In the meantime, NSE Nifty is at 24,401.2 (up 0.8%). Trent and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 80,028.2, registering a gain of 15,069.5 points (up 23.2%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit grew 23.4% YoY to Rs 3,250 million for the quarter ended September 2024, compared to a profit of Rs 2,633 million a year ago. Net sales rose 20.1% to Rs 28,972 million during the period as against Rs 24,117 million in July-September 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 70.5.


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