PERSISTENT SYSTEMS share price has plunged 5% and is presently trading at Rs 596.
Meanwhile, the BSE IT Index is at 12,252 (up 0.1%).
Among the top losers in the BSE IT Index today are PERSISTENT SYSTEMS (down 5.1%) and L&T INFOTECH LTD (down 5.7%).
INFOSYS (up 1.0%) and TCS (up 0.9%) are among the top gainers today.
Over the last one year, PERSISTENT SYSTEMS has moved down from Rs 654 to Rs 596, registering a loss of Rs 59 (down 8.9%)..
The BSE IT has moved down from 14,985 to 12,252, loss of 2,733 points (down 18.2%) during the last 12 months.
Revealed: 3 Stocks for Potentially Massive Gains
The BSE Sensex is at 31,102 (down 3.3%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 1.0%), TCS (up 0.9%) and TECH MAHINDRA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and TCS.
In the meantime, NSE Nifty is at 9,128 (down 3.4%). ZEE ENTERTAINMENT (up 8.9%) and YES BANK (up 3.2%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 22.37%).
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 13.3x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.
BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.
Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.
Top cues to track in today's stock market session.
View More Indian Share Market NewsAjit Dayal on how India's vaccine strategy will impact the markets.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
What should you do if the market falls? In this video, I'll tell you what I will do.
A favourable demand supply scenario makes a strong case for real estate prices.
Rahul Shah on whether Bharti Airtel will emerge as the next big thing in the Indian stock market
More
Equitymaster requests your view! Post a comment on "PERSISTENT SYSTEMS Plunges by 5%; BSE IT Index Up 0.1%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!