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Indian Stock Market Updates May 6, 2020

PERSISTENT SYSTEMS Surges by 6%; BSE IT Index Down 0.7%
Wed, 6 May 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%).

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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.

Stock Market Updates

A Time Correction in the Nifty (Today's Market)

Mar 6, 2021 Momentum Moves

The week belonged to the bulls after bears ended the party in February. March started with gains for the bulls but historically, March has been a bears' month.

Sensex Ends 441 Points Lower; Nifty Settles Below 15,000-Mark (Today's Market)

Mar 5, 2021 Closing

Indian share markets end lower with the Sensex down by 441 points and the Nifty ending down by 143 points.

GRINDWELL NORTON Share Price Down by 5%; BSE CAPITAL GOODS Index Down 1.5% (Today's Market)

Mar 5, 2021 03:30 PM

GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).

ADITYA BIRLA CAPITAL Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:28 PM

ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).

HAVELLS INDIA Share Price Down by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Mar 5, 2021 03:20 PM

HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).

BALMER LAWRIE Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:18 PM

BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).

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