PERSISTENT SYSTEMS Surges by 5%; BSE IT Index Up 3.0%
March 26, 2020 09:30 AM

PERSISTENT SYSTEMS share price has zoomed 5% and is presently trading at Rs 522.

Meanwhile, the BSE IT Index is at 12,678 (up 3.0%).

Among the top Gainers in the BSE IT Index today are PERSISTENT SYSTEMS (up 5.0%) and NIIT TECHNOLOGIES (up 9.0%).

ECLERX SERVICES (down 0.6%) and SONATA SOFTWARE (down 1.1%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 633 to Rs 522, registering a loss of Rs 111 (down 17.9%).

On the other hand, the BSE IT has moved down from 15,109 to 12,678, loss of 2,431 points (down 16.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 3.5%).

What About the Benchmark Indices?

The BSE Sensex is at 29,084 (up 0.9%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%), AXIS BANK (up 7.0%) and INFOSYS (up 4.8%). Other gainers include SUN PHARMA (up 4.4%) and TECH MAHINDRA (up 4.2%). The most traded stocks in the BSE Sensex are ICICI BANK and AXIS BANK.

In the meantime, NSE Nifty is at 8,461 (up 1.0%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.0%), AXIS BANK (up 7.1%) and TECH MAHINDRA (up 4.8%). Other gainers include INFOSYS (up 4.8%) and BHARTI INFRATEL (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,084, registering a loss of 8,725 points (down 23.85%).

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 12.2x.