PERSISTENT SYSTEMS Share Price Up by 6%; BSE IT Index Up 0.4%

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PERSISTENT SYSTEMS Share Price Up by 6%; BSE IT Index Up 0.4%
Fri, 23 Jul 09:38 AM

PERSISTENT SYSTEMS share price has zoomed 6% and is presently trading at Rs 3,081.

Meanwhile, the BSE IT Index is at 30,727 (up 0.4%).

Among the top Gainers in the BSE IT Index today are PERSISTENT SYSTEMS (up 5.8%) and MPHASIS (up 9.0%).

FIRSTSOURCE SOLUTIONS (down 0.4%) and L&T TECHONOLOGY (down 0.8%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 754 to Rs 3,081, registering a gain of Rs 2,326 (up 296.8%).

On the other hand, the BSE IT has moved up from 17,438 to 30,727, registering a gain of 13,289 points (up 75.5%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 528.0%), FIRSTSOURCE SOLUTIONS (up 430.5%) and TATA ELXSI (up 364.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 53,009 (down 0.2%).

The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 1.5%), TATA STEEL (up 1.1%) and TITAN (up 1.1%). Other gainers include ULTRATECH CEMENT (up 1.0%) and MARUTI SUZUKI (up 0.5%). The most traded stocks in the BSE Sensex are ITC and ONGC.

In the meantime, NSE Nifty is at 15,876 (down 0.3%). The top gainers in the NSE Nifty include HCL TECHNOLOGIES (up 1.7%), TATA STEEL (up 1.0%) and ULTRATECH CEMENT (up 0.8%). Other gainers include SBI LIFE INSURANCE (up 0.7%) and TATA CONSUMER (up 0.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,419 to 53,009, registering a gain of 15,590 points (up 40.88%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit stood at Rs 1 billion for the quarter ended March 2021, compared to a profit of Rs 1 billion a year ago. Net Sales rose 3.5% to Rs 11.1 billion during the period as against Rs 10.8 billion in January-March 2020.

For the year ended March 2021, PERSISTENT SYSTEMS reported 32.4% increase in net profit to Rs 4.5 billion compared to net profit of Rs 3.4 billion during FY20.

Revenue of the company grew 17.4% to Rs 42 billion during FY21.

The current Price to earnings ratio of PERSISTENT SYSTEMS, based on rolling 12 month earnings, stands at 50.8x.

What else is happening in the markets today? Dig in...

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Sep 27, 2021 03:37 PM