PERSISTENT SYSTEMS Surges by 6%; BSE IT Index Down 0.7%
May 6, 2020 09:51 AM

PERSISTENT SYSTEMS share price has zoomed 6% and is presently trading at Rs 495.

Meanwhile, the BSE IT Index is at 13,598 (down 0.7%).

Among the top Gainers in the BSE IT Index today are PERSISTENT SYSTEMS (up 6.1%) and NIIT TECHNOLOGIES (up 10.0%).

HCL TECHNOLOGIES (down 0.2%) and TECH MAHINDRA (down 0.3%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 629 to Rs 495, registering a loss of Rs 133 (down 21.3%).

On the other hand, the BSE IT has moved down from 15,653 to 13,598, loss of 2,055 points (down 14.2%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 3.7%) and INFIBEAM AVENUES (up 0.1%).

What About the Benchmark Indices?

The BSE Sensex is at 31,578 (down 0.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 2.3%), BHARTI AIRTEL (up 1.8%) and RELIANCE IND. (up 1.2%). Other gainers include NTPC (up 1.1%) and TATA STEEL (up 1.0%). The most traded stocks in the BSE Sensex are ONGC and RELIANCE IND..

In the meantime, NSE Nifty is at 9,233 (down 0.6%). The top gainers in the NSE Nifty include ONGC (up 2.9%), BHARTI AIRTEL (up 2.7%) and HINDALCO (up 2.0%). Other gainers include GAIL (up 1.8%) and ADANI PORTS & SEZ (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,600 to 31,578, registering a loss of 7,022 points (down 19.08%).

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 11.6x.