PERSISTENT SYSTEMS Plunges 5%; BSE IT Index Down 3.5%
Fri, 28 Feb 10:2
Image source: ipopba/www.istockphoto.comPERSISTENT SYSTEMS share price has plunged 5% and is presently trading at Rs 5,200.0.
Meanwhile, the BSE IT index is at 36,912.0 (down 3.5%).
Among the top losers in the BSE IT index today are ZENSAR TECHNOLOGIES (down 5.2%) and Sonata Software (down 4.7%).
HAPPIEST MINDS TECHNOLOGIES (up 2.2%) is among the top gainers today.
Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 4,216.0 to Rs 5,200.0, registering a gain of Rs 984.0 (up 23.3%).
On the other hand, the BSE IT index has moved down from 38,218.8 to 36,912.0, registering a loss of 3.4% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were Sonata Software (down 56.8%), TANLA SOLUTIONS (down 55.1%) and Birlasoft (down 43.9%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,691.3 (down 1.2%).
The top losers among the BSE Sensex today are Indusind Bank (down 4.7%) and Tech Mahindra (down 4.6%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 22,235.4 (down 1.4%). Indusind Bank and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 72,790.1 to 73,691.3, registering a gain of 901.2 points (up 1.2%).
PERSISTENT SYSTEMS Financial Update...
PERSISTENT SYSTEMS net profit grew 30.4% YoY to Rs 3,730 million for the quarter ended December 2024, compared to a profit of Rs 2,861 million a year ago. Net sales rose 22.6% to Rs 30,623 million during the period as against Rs 24,982 million in October-December 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 60.7.
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