PERSISTENT SYSTEMS Surges by 5%; BSE IT Index Down 0.1%

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PERSISTENT SYSTEMS Surges by 5%; BSE IT Index Down 0.1%
Tue, 29 Jan 09:28 AM

PERSISTENT SYSTEMS share price has zoomed 5% and is presently trading at Rs 595.

Meanwhile, the BSE IT Index is at 14,888 (down 0.1%).

Among the top Gainers in the BSE IT Index today is PERSISTENT SYSTEMS (up 5.0%).

TECH MAHINDRA and INFOSYS LTD (down 0.6%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 782 to Rs 595, registering a loss of Rs 187 (down 24.2%).

On the other hand, the BSE IT has moved up from 12,835 to 14,888, registering a gain of 2,053 points (up 15.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 49.7%), L&T INFOTECH LTD (up 34.5%) and L&T TECHONOLOGY SERVICES (up 28.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 35,719 (down 0.2%).

The top gainers among the BSE Sensex stocks today are BAJAJ FINANCE (up 1.2%), ICICI BANK (up 1.0%) and SUN PHARMA (up 0.8%). Other gainers include HCL TECH. (up 0.3%) and TATA STEEL (up 0.3%). The most traded stocks in the BSE Sensex are ICICI BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,655 (down 0.3%). ADANI PORTS & SEZ (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,283 to 35,719, registering a gain of -564 points (up -2.0%).

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 13.9x.



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