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PERSISTENT SYSTEMS Plunges by 6%; BSE IT Index Down 1.6%

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PERSISTENT SYSTEMS Plunges by 6%; BSE IT Index Down 1.6%
Fri, 4 Jan 11:36 AM

PERSISTENT SYSTEMS share price has plunged 6% and is presently trading at Rs 615.

Meanwhile, the BSE IT Index is at 14,112 (down 1.6%).

Among the top losers in the BSE IT Index today is PERSISTENT SYSTEMS (down 6.2%).

SONATA SOFTWARE is among the top gainer today.

Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 698 to Rs 615, registering a loss of Rs 83 (down 11.9%)..

The BSE IT has moved up from 11,156 to 14,112, registering a gain of 2,956 points (up 26.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 72.6%), L&T INFOTECH LTD (up 50.7%) and L&T TECHONOLOGY SERVICES (up 42.5%).

What About the Benchmark Indices?

The BSE Sensex is at 35,705 (up 0.1%). The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 2.6%). The most traded stocks in the BSE Sensex are TATA MOTORS and VEDANTA LTD.

In the meantime, NSE Nifty is at 10,729 (up 0.2%). BHARTI INFRATEL (up 2.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,793 to 35,705, registering a gain of 1,912 points (up 5.2%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit down at Rs 881 million for the quarter ended September 2018, compared to a loss of Rs 917 million a year ago. Net Sales rose 5.5% to Rs 8.4 billion during the period as against Rs 7.9 billion in July-September 2017.

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 13.5x.

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