Persistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in art ...More

Persistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company remains confident in its long-term growth strategy. Nevertheless, analysts have recalibrated earnings forecasts downwards, anticipating a slowdown in revenue growth as clients increasingly incorporate AI technologies. ...Less

Indian IT stocks, including Infosys and TCS, surged over 3% on Tuesday, extending a three-day rally despi ...More

Indian IT stocks, including Infosys and TCS, surged over 3% on Tuesday, extending a three-day rally despite a broader market decline. This rebound follows an earlier sell-off triggered by AI advancements, with investors now seeing value in the sector's potential to adapt and integrate new technologies. ...Less

Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain i ...More

Indian IT stocks surged for a third consecutive day. The Nifty IT index saw its largest single-day gain in a year. This rally is supported by improving global software sentiment and expanding enterprise AI adoption. Factors like rupee depreciation and strong orderbooks also contribute. Analysts anticipate further upward movement in the IT benchmark. ...Less

Indian IT services face near-term AI-driven revenue pressure, estimated at 1-3%, impacting stock valuatio ...More

Indian IT services face near-term AI-driven revenue pressure, estimated at 1-3%, impacting stock valuations. However, experts believe markets are overlooking significant long-term opportunities in legacy modernization and enterprise AI implementation, where Indian firms will act as key partners, mirroring past cloud transition cycles. ...Less

Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index ...More

Indian IT stocks saw a significant surge on Monday, outperforming the broader market. The Nifty IT index reached its highest point since April 23. This rally was driven by attractive stock valuations and new AI partnerships. Investors are showing renewed interest, building fresh long positions. This rebound follows a period of underperformance for the IT sector this year. ...Less

Market expert Dipan Mehta urges investors to be selective. He highlights mid-cap IT firms like Coforge an ...More

Market expert Dipan Mehta urges investors to be selective. He highlights mid-cap IT firms like Coforge and Happiest Minds as outperformers. Engineering R&D stocks are also gaining traction due to global events. Specialty chemicals and real estate present opportunities. Mehta advises caution on large-cap IT and aviation sectors. Investors should focus on specific pockets for potential gains. ...Less

IT stocks, including Infosys and TCS, surged up to 4% on Friday, driven by Wipro's expanded partnership w ...More

IT stocks, including Infosys and TCS, surged up to 4% on Friday, driven by Wipro's expanded partnership with ServiceNow to scale AI workflows. This collaboration aims to integrate Wipro Intelligence with ServiceNow's AI Platform, streamlining enterprise operations and accelerating AI adoption. The move boosted investor confidence in Indian IT companies, despite earlier concerns about AI advancements. ...Less

Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US infla ...More

Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients. ...Less

Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee ...More

Indian smallcap and midcap stocks plummeted on Wednesday due to persistent FII selling, a weakening rupee, and global factors. IT stocks, which had surged previously, saw a sharp selloff, with major players like TCS and Infosys dropping significantly. Analysts point to energy shocks and current account deficit concerns impacting market sentiment. ...Less

Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI ...More

Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors. ...Less

Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as co ...More

Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI's impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector's recovery is questioned, significant further downside is not anticipated. ...Less

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs p ...More

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major IT firms. ...Less

Indian equities remained volatile amid IT sector weakness, global uncertainties and cautious investor sen ...More

Indian equities remained volatile amid IT sector weakness, global uncertainties and cautious investor sentiment. Analysts see key Nifty support near 23,200-23,000 and resistance around 23,750-23,800. Market participants will monitor technical levels, global cues, sectoral trends and stock-specific developments for direction. ...Less

Indian IT shares saw a significant drop on Wednesday, wiping out recent gains. Analysts suggest this was ...More

Indian IT shares saw a significant drop on Wednesday, wiping out recent gains. Analysts suggest this was largely due to profit booking after a rapid rise. They advise investors to be cautious, citing concerns about growth slowdown and AI's impact on traditional outsourcing. While some see long-term potential, short-term volatility is expected. ...Less

Market expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valua ...More

Market expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valuations, focusing on stock-specific opportunities. He highlights stronger growth visibility in energy, defence, healthcare, and capital market plays, while suggesting midcap IT firms are better positioned for AI monetization. ...Less

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top ...More

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5. ...Less

Mid-tier IT services firms are outperforming larger rivals in revenue growth, driven by a focused approac ...More

Mid-tier IT services firms are outperforming larger rivals in revenue growth, driven by a focused approach on specific growth areas like cloud engineering and AI. Companies like Coforge and Persistent Systems are leveraging leaner structures and domain expertise to win clients, often through flexible pricing and outcome-based models. ...Less

Indian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins ...More

Indian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software exporters. Despite ongoing AI disruption concerns, positive sentiment emerged from AI implementation roles for IT firms and attractive valuations, signaling a potential turnaround for the sector. ...Less

Global markets are under pressure due to rising bond yields and geopolitical tensions. Higher crude oil p ...More

Global markets are under pressure due to rising bond yields and geopolitical tensions. Higher crude oil prices are a key concern, potentially impacting sector margins. Investors are shifting towards defensive sectors like pharma and hospitals. Indian IT firms are seen as value picks, but growth concerns persist. Asset management companies offer a way to play a market recovery. ...Less

Indian IT firms saw varied results in the last quarter. Mid-tier companies performed better than large on ...More

Indian IT firms saw varied results in the last quarter. Mid-tier companies performed better than large ones. Artificial intelligence is changing how clients spend money. Some big companies like Infosys and Wipro reported lower growth. Mid-tier firms like Coforge showed strong performance. Clients are focusing on AI and cost savings. Europe is a brighter market. Americas remain steady. ...Less

IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech ...More

IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs. ...Less

Indian IT shares surged on Tuesday, extending a rebound. Companies like Infosys and TCS saw significant g ...More

Indian IT shares surged on Tuesday, extending a rebound. Companies like Infosys and TCS saw significant gains. This rally follows a sharp correction that made sector valuations attractive. A weaker rupee also supported IT stocks. Goldman Sachs maintained a neutral rating on Infosys, citing management's positive outlook on deal wins and AI partnerships. ...Less

Rapido's substantial $730 million funding round significantly boosted Indian startup investments this wee ...More

Rapido's substantial $730 million funding round significantly boosted Indian startup investments this week, reaching approximately $790 million across 18 deals. This marks a considerable increase from the previous week and the same period last year. The funding includes a $240 million late-stage round for Rapido, alongside early and seed-stage investments in other companies like HrdWyr and Wingreens World. ...Less

Despite recent gains, market sentiment remains cautious as a technical expert views the current bounce as ...More

Despite recent gains, market sentiment remains cautious as a technical expert views the current bounce as a counter-trend move within a broader decline. Key support at 23,350 is crucial, with a break below expected to lead to further downside. The IT sector's rally, driven by currency, is seen as short-covering, not a trend reversal. ...Less

Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Co ...More

Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Coforge led midcap gains, while Ola Electric topped the smallcap chart. IT stocks rebounded on attractive valuations, and several names across consumer, energy and financial sectors posted strong advances amid improving sentiment despite lingering macro worries. ...Less

India's top software exporters are projected to lose $200 bn in market value from their peaks due to disr ...More

India's top software exporters are projected to lose $200 bn in market value from their peaks due to disruptive AI technology. The aggregate market cap has already fallen by 45% since December 2024, with TCS and Wipro experiencing over 50% declines. This erosion, while significant in absolute terms, is not unprecedented for the sector. ...Less

Indian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid ...More

Indian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid weak growth visibility, muted client spending and rising concerns over AI-driven disruption. The Nifty IT index fell sharply, with major names including Infosys and Tata Consultancy Services sliding on cautious guidance and deflationary headwinds. ...Less

Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by ...More

Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowing global IT spending, and muted earnings. This strategic shift reflects investor caution amid a transition phase for the IT sector, with a preference for domestic sectors like financials and defence. ...Less

Happy Friday! Oracle has started pulling back campus offers from top institutes, leaving students caught ...More

Happy Friday! Oracle has started pulling back campus offers from top institutes, leaving students caught in the crossfire. This and more in today’s ETtech Morning Dispatch. ...Less

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5. ...More

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5. ...Less

Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% t ...More

Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline was triggered by OpenAI's substantial investment in AI adoption, raising concerns about its impact on traditional software services business models. ...Less

Mutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Ban ...More

Mutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reductions were observed in Wipro, HDFC Bank, and Hindalco Industries across large, mid, and smallcap segments. This active portfolio management reflects ongoing strategic shifts by fund managers. ...Less

Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT ...More

Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff followed OpenAI’s launch of its Deployment Company, renewing fears of accelerated AI-led disruption. Weak sentiment persisted despite a record-high Wall Street rally and a weaker rupee. ...Less

Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despit ...More

Smallcap and midcap stocks outperformed benchmarks on Friday, with select names rallying up to 16% despite broader market weakness. Gains were driven by earnings momentum and stock-specific triggers, even as geopolitical tensions and high oil prices kept overall sentiment cautious. Analysts continue to track volatility and broader market direction. ...Less

Life Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's ma ...More

Life Insurance Corporation of India invested nearly $2 billion in 10 stocks during the March quarter's market fall. LIC bought shares in companies like Bajaj Finance, Bharti Airtel, TCS, and Infosys even as their prices dropped. This strategic move saw LIC increase its stake in several companies. The insurer also reduced holdings in other stocks, showing a selective approach. ...Less

Persistent Systems shares fell up to 4% after Q4 results despite reporting strong earnings growth. Net pr ...More

Persistent Systems shares fell up to 4% after Q4 results despite reporting strong earnings growth. Net profit rose nearly 34% YoY to Rs 529 crore for the March quarter, while FY26 profit climbed over 33% to Rs 1,865 crore. However, some brokerages cut estimates, weighing on sentiment and dragging the stock lower. ...Less

Smallcap and midcap stocks surged on Wednesday, outperforming broader market indices with gains of around ...More

Smallcap and midcap stocks surged on Wednesday, outperforming broader market indices with gains of around 1% each. This rally was fueled by strong earnings reports, a fall in oil prices, and renewed market optimism. Key gainers included Coforge, SRF, and Wockhardt, driven by significant profit increases and strategic investments. ...Less

Five Nifty500 stocks fell over two percent below VWAP, signaling bearish sentiment and increased selling ...More

Five Nifty500 stocks fell over two percent below VWAP, signaling bearish sentiment and increased selling pressure, as closing prices dropped beneath volume weighted average trading levels on April twenty four. ...Less

Big Four firm KPMG is leaving its federal government audit work. The company will move over 450 U.S. staf ...More

Big Four firm KPMG is leaving its federal government audit work. The company will move over 450 U.S. staff to new roles. This follows a loss of a major contract with the Pentagon. KPMG had audited the U.S. Army for nearly a decade. The defense department is changing its audit approach. ...Less

Mid-tier IT services company Persistent Systems on Tuesday reported a 33.73 per cent growth in consolidat ...More

Mid-tier IT services company Persistent Systems on Tuesday reported a 33.73 per cent growth in consolidated net profit to Rs 529.26 crore in the January-March quarter of FY26. ...Less

Indian markets face headwinds as Nifty struggles and IT stocks plummet. However, opportunities emerge in ...More

Indian markets face headwinds as Nifty struggles and IT stocks plummet. However, opportunities emerge in power, FMCG, and pharma sectors, according to Rajesh Palviya of Axis Securities. He advises investors to avoid IT, citing a downtrend, and instead focus on stock-specific plays like AU Small Finance Bank and SAIL for potential gains. ...Less

Revenue increased 25.1% year-on-year and 7.4% quarter-on-quarter to Rs 4,055.9 crore, supported by a 24.3 ...More

Revenue increased 25.1% year-on-year and 7.4% quarter-on-quarter to Rs 4,055.9 crore, supported by a 24.3% year-on-year growth in the banking, financial services and insurance (BFSI) segment, and 11.2% year-on-year growth in the software, hi-tech and emerging industries verticals. The company’s healthcare and life sciences vertical clocked a 14.1% growth, after lagging in the previous quarter, its filings showed. ...Less

Indian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Techn ...More

Indian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Technologies' disappointing fourth-quarter earnings and subdued future outlook. Investor concerns about Artificial Intelligence's disruptive potential in the sector resurfaced. The Nifty IT index saw a substantial drop, with several major IT companies also falling. ...Less

Indian markets are experiencing a healthy correction, according to Vachana Investments' MD, CA Rudramurth ...More

Indian markets are experiencing a healthy correction, according to Vachana Investments' MD, CA Rudramurthy BV. He advises waiting for specific levels around Nifty 23,700-23,800 and Bank Nifty 55,000 for buying opportunities. He highlights strength in pharma, power, and select metals, while cautioning against IT stocks. Rudramurthy also shared specific buy and sell trade ideas. ...Less

Indian stock markets closed the week with losses. Optimism for a US-Iran truce faded, impacting investor ...More

Indian stock markets closed the week with losses. Optimism for a US-Iran truce faded, impacting investor sentiment. Crude oil prices saw a significant spike. IT companies also reported lower-than-expected earnings. Foreign portfolio investors sold shares heavily. Analysts advise caution and gradual investment as markets face hurdles. ...Less

India’s Nifty IT index plunged 10% in a week, marking its steepest fall since March 2020, as weak Q4 earn ...More

India’s Nifty IT index plunged 10% in a week, marking its steepest fall since March 2020, as weak Q4 earnings and cautious guidance triggered heavy selling. Analysts warn of further downside, with FIIs exiting and technical indicators weakening, even as some see long-term opportunities in mid-cap IT stocks. ...Less

Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it repor ...More

Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in today's ETtech Morning Dispatch. ...Less

Dipan Mehta advises caution on large-cap IT due to AI disruption, favoring midcap players like Persistent ...More

Dipan Mehta advises caution on large-cap IT due to AI disruption, favoring midcap players like Persistent Systems and Tata Elxsi. While Trent shows momentum, high valuations warrant tempered expectations. Seasonal plays like cooling solutions, exemplified by Symphony, present a potential opportunity amid a hot summer. ...Less

HCL Technologies’s weak Q4 triggered a ₹92,000 crore sell-off in IT stocks, dragging peers like Infosys a ...More

HCL Technologies’s weak Q4 triggered a ₹92,000 crore sell-off in IT stocks, dragging peers like Infosys and Tech Mahindra down up to 6% amid sector-wide concerns. ...Less

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Following the development, shares of Persistent Systems soared 6 per cent to Rs 3,755 early Thursday befo ...More

Following the development, shares of Persistent Systems soared 6 per cent to Rs 3,755 early Thursday before paring half the gains to trade at Rs 3,663.30 at 10.10 am (IST). The scrip had closed at Rs 3,544.10 on Wednesday. ...Less

BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25 ...More

BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and earnings pressure. Still, the brokerage sees opportunities in defensives and strong private-sector lenders, naming nine stocks—including M&M, Infosys, Titan and HDFC Bank—as likely outperformers. ...Less

InCred Equities maintains a 'hold' rating on Persistent Systems, raising the target price to Rs 6,863 fro ...More

InCred Equities maintains a 'hold' rating on Persistent Systems, raising the target price to Rs 6,863 from Rs 6,260. Strong performance in financial services and healthcare, coupled with potential recovery in the hi-tech sector, fuels this optimism. The company recently reported a 20.2% year-on-year rise in total income, reaching Rs 2,943.67 crore, with a net profit of Rs 325 crore. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2024. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 76947.98 Crore) operating in IT Software sector. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 70608.05 Crore) operating in IT Software sector. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 79951.18 Crore) operating in IT Software sector. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid-Cap company (with a market cap of Rs 319 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid-Cap company (with a market cap of Rs 31912.41 Crore) operating in IT Software sector. ...Less

IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US ta ...More

IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI disruption. After earlier losses due to AI and inflation worries, the sector is seeing a partial recovery, with Nifty IT emerging as a top gainer. ...Less

Persistent Systems shares dropped 5% despite a 25.4% net profit rise to Rs 315.3 crore YoY. Q4 revenue wa ...More

Persistent Systems shares dropped 5% despite a 25.4% net profit rise to Rs 315.3 crore YoY. Q4 revenue was Rs 2,590 crore, up 14.9% YoY. TCV decreased to $447.7 million. ...Less

Persistent Systems' stock surged 7% after strong Q3 results showcasing revenue growth, improved margins, ...More

Persistent Systems' stock surged 7% after strong Q3 results showcasing revenue growth, improved margins, and robust deal wins. The company outperformed benchmarks, driven by sustained revenue momentum and operational efficiency, despite seasonal and acquisition-related pressures. ...Less

BNP Paribas Securities recommends an outperform rating for Persistent Systems, with a target price of Rs ...More

BNP Paribas Securities recommends an outperform rating for Persistent Systems, with a target price of Rs 6,730, citing strong revenue growth driven by product engineering and diversification into Healthcare and BFSI sectors. The recent quarter shows a significant revenue increase and net profit gain, underlining the company's promising financial prospects. Upside factors include improved deal wins and margins. ...Less

Persistent Systems may set up a larger delivery centre in the US, and scale it up as the centre grows, CE ...More

Persistent Systems may set up a larger delivery centre in the US, and scale it up as the centre grows, CEO Sandeep Kalra says. ...Less

Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 7,600, citing a ...More

Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 7,600, citing a projected 19% USD revenue CAGR over FY24-27E and superior earnings growth. The company, operating in the IT Software sector, reported Rs 3,104.92 crore income for Q3 2024 and net profit of Rs 372.99 crore. Promoters hold 30.66% stake. ...Less

At 11:30 am, Persistent System was trading 8.1 per cent higher at Rs 461.80. It has hit a low of Rs 441.9 ...More

At 11:30 am, Persistent System was trading 8.1 per cent higher at Rs 461.80. It has hit a low of Rs 441.90. ...Less

Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 34314. ...More

Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 34314.06 Crore) operating in IT Software sector. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2022. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023. ...Less

The Persistent Systems stock hit a record high of Rs 6144 on October 27, 2023, but it failed to hold on t ...More

The Persistent Systems stock hit a record high of Rs 6144 on October 27, 2023, but it failed to hold on to the momentum and witnessed some selling pressure. The chart structure suggests that the rally may not be over and short-term traders can buy the stock for a possible target of Rs 6150 and beyond, suggest experts. ...Less

The company's consolidated revenue for the quarter under review came at Rs 2411.67 crore, a rise of 17.7% ...More

The company's consolidated revenue for the quarter under review came at Rs 2411.67 crore, a rise of 17.7% YoY, and a 3.9% gain sequentially. While, the dollar revenue came at $291.71 million, a 14.1% increase as compared to the year-ago period. ...Less

Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday's trade on BSE ...More

Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday's trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order book in Q3 FY24. ...Less

Persistent Systems shares fell 7% after reporting a 2.8% profit decline in Q1FY25, despite a 34% YoY PAT ...More

Persistent Systems shares fell 7% after reporting a 2.8% profit decline in Q1FY25, despite a 34% YoY PAT rise. Revenue grew 18% YoY. Orders hit $462.8 million TCV, $337.3 million ACV. CEO Kalra praised 17 growth quarters, AI services. ISG ranked them a leader. Stock rose 80% last year, 26.60% YTD. Considering QIP on July 23. SpiceJet capital raise. ...Less

Persistent Systems shares: Revenue from operations grew 21.8% year-on-year to ₹3,333.59 crore and rose 2. ...More

Persistent Systems shares: Revenue from operations grew 21.8% year-on-year to ₹3,333.59 crore and rose 2.8% quarter-on-quarter. In dollar terms, revenue reached $389.7 million, reflecting an 18.8% YoY increase and a 3.9% sequential rise. ...Less

"Persistent Systems Ltd is a 'BUY' with a target of Rs 1410 and a stop loss of Rs 1270." ...More

"Persistent Systems Ltd is a 'BUY' with a target of Rs 1410 and a stop loss of Rs 1270." ...Less

'Persistent Systems Ltd is a 'BUY' call with a target of Rs 1590 and a stop loss of Rs 1435.' ...More

'Persistent Systems Ltd is a 'BUY' call with a target of Rs 1590 and a stop loss of Rs 1435.' ...Less

Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 6,300. The curr ...More

Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 6,300. The current market price is Rs 5424.6. Persistent Systems reported a consolidated total income of Rs 2943.67 crore for the quarter ending 30-09-2024 and a net profit of Rs 325 crore. Promoters hold 30.66% and FIIs hold 23.34%. ...Less

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for ...More

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2022. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 25931.38 Crore) operating in IT Software sector. ...Less

Persistent Systems had a cash balance of more than Rs 26.8 crore at the end of the June quarter, and a pa ...More

Persistent Systems had a cash balance of more than Rs 26.8 crore at the end of the June quarter, and a part of that would be deployed towards potential acquisitions, CEO Sandeep Kalra says. ...Less

Amidst a slight downturn in share prices on Wednesday, Persistent Systems continues to draw analysts' pra ...More

Amidst a slight downturn in share prices on Wednesday, Persistent Systems continues to draw analysts' praise following its December quarterly performance. With margins exceeding expectations and a string of successful deals, the outlook remains bright; however, some analysts are calling for more transparency regarding the durability of these margin gains. ...Less

Persistent Systems CEO Sandeep Kalra said demand has been moving very strong from all of its verticals th ...More

Persistent Systems CEO Sandeep Kalra said demand has been moving very strong from all of its verticals that ensured a broad-based growth during the quarter. ...Less

The existing one equity share having a face value of Rs 10 each, will be split into two equity shares hav ...More

The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed. Further, the board has also recommended an interim dividend payout of Rs 32 a share for the current financial year. ...Less

Persistent Systems' shares rose 10% after posting a 30.4% YoY increase in net profit for Q3, driven by it ...More

Persistent Systems' shares rose 10% after posting a 30.4% YoY increase in net profit for Q3, driven by its AI-led services strategy. The company's consolidated revenue grew 22.6% YoY, and operating margins improved by 90 basis points to 14.9%. An interim dividend of Rs 20 per share was declared. ...Less

Indian IT stocks may face fresh turbulence as Anthropic’s preview model, Mythos, raises disruption risks. ...More

Indian IT stocks may face fresh turbulence as Anthropic’s preview model, Mythos, raises disruption risks. Analysts warn its sharp gains in software engineering tasks mark a “step-jump,” not incremental progress, potentially pressuring valuations. Kotak says the leap could have meaningful implications for IT services firms, narrowing adaptation time and intensifying concerns over near-to-medium term demand, pricing power, and margins. ...Less

Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations ...More

Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations, the margin performance was below estimates. Revenue grew by 3.4% sequentially to $ 310.9 million for the quarter. ...Less

Revenue from operations during the first quarter rose 23% year-on-year to Rs 2,321 crore. It was Rs 1,878 ...More

Revenue from operations during the first quarter rose 23% year-on-year to Rs 2,321 crore. It was Rs 1,878 crore in the same quarter of last year. ...Less

Stock splits enhance the liquidity of the company's equity shares and encourage the participation of reta ...More

Stock splits enhance the liquidity of the company's equity shares and encourage the participation of retail investors by making equity shares of the company more affordable. The valuation of the stock doesn’t change and the balance sheet doesn't get affected in this process. ...Less

Persistent Systems reported a 25.5% YoY rise in Q4 FY25 PAT to Rs 395.76 crore, with revenue up 25.2% at ...More

Persistent Systems reported a 25.5% YoY rise in Q4 FY25 PAT to Rs 395.76 crore, with revenue up 25.2% at Rs 3,242.11 crore. The board proposed a final dividend of Rs 15, taking FY25's total to Rs 35 per share. TCV stood at Rs 4,312.95 crore. CEO Sandeep Kalra emphasised AI-led growth, targeting $2 billion in revenue by FY27. ...Less

Persistent Systems share price surged on Wednesday after the company announced robust Q2 FY26 financial r ...More

Persistent Systems share price surged on Wednesday after the company announced robust Q2 FY26 financial results. Net profit saw a significant 45.1% year-on-year jump. Revenue also grew strongly. Brokerages like Nuvama and Choice International Equities reiterated their positive ratings, citing strong deal momentum and growth potential, especially in AI. The company's performance exceeded expectations. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 28764.08 Crore) operating in IT Software sector. ...Less

Shares of Persistent Systems rose by 5.7% following its Q2 results. The company reported a 23.4% increase ...More

Shares of Persistent Systems rose by 5.7% following its Q2 results. The company reported a 23.4% increase in profit after tax, reaching Rs 325 crore year-on-year. Revenue saw a 20% rise, standing at Rs 2,897.15 crore. The total expenses for the quarter also increased compared to the previous fiscal year. ...Less

The company’s revenue increased 38.7 per cent to Rs 1,491.7 crore in the quarter under review from Rs 1,0 ...More

The company’s revenue increased 38.7 per cent to Rs 1,491.7 crore in the quarter under review from Rs 1,075.3 crore in the year-ago period, it said in an exchange filing on Thursday. ...Less

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2 ...More

Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 27763.29 Crore) operating in IT Software sector. ...Less

The stock has been in an uptrend since then. It rose more than 18% in a month, and over 20% in the last t ...More

The stock has been in an uptrend since then. It rose more than 18% in a month, and over 20% in the last three months. The stock rallied over 30% in the last 6 months.The momentum pushed the stock closer to overbought levels; hence, some consolidation could be on the cards. ...Less

Counter is trading in a triangle formation near short-term moving averages & breakout possible. ...More

Counter is trading in a triangle formation near short-term moving averages & breakout possible. ...Less

Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 34167. ...More

Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 34167.32 Crore) operating in IT Software sector. ...Less