PERSISTENT SYSTEMS Plunges by 3%; BSE IT Index Down 0.6%
March 17, 2020 09:26 AM

PERSISTENT SYSTEMS share price has plunged 3% and is presently trading at Rs 586.

Meanwhile, the BSE IT Index is at 12,392 (down 0.6%).

Among the top losers in the BSE IT Index today are PERSISTENT SYSTEMS (down 2.7%) and ECLERX SERVICES (down 9.9%).

SONATA SOFTWARE (up 2.5%) and HCL TECHNOLOGIES (up 1.7%) are among the top gainers today.

Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 654 to Rs 586, registering a loss of Rs 68 (down 10.5%)..

The BSE IT has moved down from 14,985 to 12,392, loss of 2,593 points (down 17.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 31,832 (down 0.9%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 4.0%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 9,315 (down 1.6%). YES BANK (up 10.0%) and TATA STEEL (up 2.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,832, registering a loss of 6,263 points (down 18.31%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit down at Rs 879 million for the quarter ended December 2019, compared to a loss of Rs 917 million a year ago. Net Sales rose 6.8% to Rs 9.2 billion during the period as against Rs 8.6 billion in October-December 2018.

For the year ended March 2018, PERSISTENT SYSTEMS reported 3.3% increase in net profit to Rs 3.2 billion compared to net profit of Rs 3.1 billion during FY17.

Revenue of the company grew 5.4% to Rs 30 billion during FY18.

The current Price to earnings ratio of PERSISTENT SYSTEMS, based on rolling 12 month earnings, stands at 13.8x.