Persistent Systems Limited (NSE: PERSISTENT)
India
· Delayed Price · Currency is INR | Market Cap | 935.56B |
| Revenue (ttm) | 107.55B |
| Net Income (ttm) | 12.33B |
| Shares Out | 146.90M |
| EPS (ttm) | 79.95 |
| PE Ratio | 79.66 |
| Forward PE | 65.00 |
| Dividend | 26.00 (0.41%) |
| Ex-Dividend Date | Jul 9, 2024 |
| Volume | 553,724 |
| Open | 6,748.00 |
| Previous Close | 6,674.20 |
| Day's Range | 6,353.00 - 6,788.90 |
| 52-Week Range | 3,232.05 - 6,788.90 |
| Beta | 0.69 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 17, 2025 |
About Persistent Systems
Persistent Systems Limited provides software products, services, and technology solutions in India, North America, and internationally. It operates through Banking, Financial Services and Insurance; Healthcare & Life Sciences; and Software, Hi-Tech and Emerging Industries segments. The company provides Persistent GenAI Hub, a generative artificial intelligence (AI) solution; consulting services for business strategy and transformation; software engineering services to architect, design, develop, and manage software product lifecycle; and CX tra... [Read more]
Financial Performance
In 2023, Persistent Systems's revenue was 98.54 billion, an increase of 17.82% compared to the previous year's 83.63 billion. Earnings were 10.93 billion, an increase of 18.72%.
Financial StatementsNews
Stocks on brokerages’ radar for December 18
Several brokerage houses issued recommendations on various stocks. Motilal Oswal recommended buying Kirloskar Oil Engines, while ICICI Securities suggested buying PVR Inox, Sun TV, and Zee Entertainme...
JPMorgan on Persistent Systems: Growth Drivers Remain Intact; Remain Overweight
JPMorgan maintains its Overweight (OW) rating on Persistent Systems with a target price of ₹6,100, post-management interactions. The brokerage noted Persistent’s growth outperformance due to: Strong c...
IT Sector Stocks: OFSS (+0.70%), LTIM (+0.37%) rise; Mphasis (-1.01%), LTTS (-1.36%) decline
The IT sector saw mixed trading activity during the session. Here’s how key stocks performed: OFSS (Oracle Financial Services Software) led the gains, rising ₹84.35 to ₹12,179.70 (+0.70%). LTIMindtree...
Stock Market Update: Coforge, Paytm, Persistent Systems and more hit 52-week highs today on December 6, 2024
The Indian stock market saw a slightly negative trend on December 6, 2024, with both the Sensex and Nifty indices closing lower. Despite this, several stocks reached new 52-week highs, showcasing stro...
Persistent Systems stock jumps 2%, hits new 52-week high after CLSA raises target price
Shares of Persistent Systems surged by 2% today, reaching a new 52-week high of ₹6,148. This jump comes after leading brokerage firm CLSA raised its target price for the stock to ₹8,462, maintaining a...
CLSA raises target price for Persistent Systems to ₹8,462, maintains Outperform call
CLSA has raised its target price for Persistent Systems to ₹8,462, maintaining an ‘Outperform’ rating.
IT Stocks: TCS shares surge nearly 2%, Wipro up 1%, Mphasis up nearly 1% and more
The Nifty IT index edged higher on December 4, trading at 43,978.85, up by 0.51%. The sector showcased mixed performance with notable gains in key stocks. Top Gainers: TCS rose by 1.61%, trading at ₹4...
IT stocks: Coforge gains 2.56%, Mphasis up 2.19%, Persistent Systems rises 0.69% this week
The IT sector displayed a varied trend during the week of November 25–29, 2024, with gains in some counters and declines in others. Coforge Ltd led the gainers, surging ₹216.55 (2.56%) to close at ₹8,...
IT stocks: Persistent Systems gains 1.55%, LTIMindtree up 1.27%, KPIT Tech slips 2.75%
The IT sector showed mixed trends in early trade on November 29, 2024, with notable gains in Persistent Systems and LTIMindtree, while KPIT Technologies declined. Stock Highlights (as of 10:27 AM): Pe...
Edelweiss Mid Cap Fund sees 44.52% returns in last year, top holdings in Persistent Systems & Dixon Technologies
Edelweiss Mid Cap Direct Plan-Growth is an equity mutual fund offered by Edelweiss Mutual Fund. The fund has an AUM of ₹7,677.01 crores and the current NAV is ₹112.061 as of November 23, 2024. The ret...
Top Morning Losers Today: Five-Star Business, Oracle Financial Services, Persistent Systems, AB Capital and Tech Mahindra lead declines on NSE
Here are some of the top losers on the NSE this morning: Five-Star Business Finance Ltd (FIVESTAR) Price: ₹702.30 Change: -₹62.95 (-8.23%) Oracle Financial Services Software Ltd (OFSS) Price: ₹10,667....
Persistent Systems announces successful acquisition of Arrka Infosec
Persistent Systems Limited has recently informed exchanges that the company completed its acquisition of Arrka Infosec Private Limited, a cybersecurity company based in Pune, making it a wholly owned ...
Stocks to Buy This Diwali: AngelOne sees Persistent Systems rising to ₹7,040, with a 25% upside
AngelOne has highlighted Persistent Systems Ltd as a promising Diwali pick for 2024, setting a target price of ₹7,040. With a current market price of ₹5,631, the stock offers an upside potential of 25...
Coforge and Persistent Systems surge over 10% today: Check out the details
As of 11:02 AM, two major IT stocks—Coforge and Persistent Systems—have surged significantly, both registering gains of over 10%. Coforge Ltd: The stock is up 11.01%, gaining ₹748.60, bringing its pri...
Persistent Systems sees ₹8,850 crore gain to market cap after as shares surge 11%, strong Q2 results
Persistent Systems Ltd saw its shares jump by 11.10% on October 23, 2024, closing at ₹5,731.00, up from ₹5,158.20. This surge in stock price led to a market capitalization gain of approximately ₹8,850...
Why Persistent Systems shares are surging over 11% – Know more
Persistent Systems shares surged by more than 11% after the company delivered better-than-expected Q2 FY25 results, surpassing market expectations. The company’s strong performance was driven by highe...
Persistent Systems shares surge over 6% as Q2 FY25 revenue and net profit beat estimates
Persistent Systems shares jumped by over 6% after the company reported strong Q2 FY25 results, exceeding market expectations. The company posted a constant currency revenue growth of 5%, higher than t...
Persistent Systems: Should you hold, sell or buy? See what Nomura says
Persistent Systems delivered resilient growth in Q2, but Nomura is maintaining a cautious stance on the stock. Nomura has maintained a neutral rating on Persistent Systems, with a target price of ₹5,2...
IT Stocks to Watch After Q2 Results: Persistent Systems, Coforge
Several IT companies have reported their Q2 FY25 results, showing strong growth in both revenue and profitability. Here’s a breakdown of the key results from Persistent Systems and Coforge, making the...
Persistent Systems Q2 FY25 results: Revenue rises 5.9% QoQ to ₹2,897.15 cr, net profit increases 6.1% to ₹324.99 cr
Persistent Systems has announced its Q2 FY25 financial results, showing steady growth in both revenue and net profit on a quarter-on-quarter (QoQ) basis. Key Financial Highlights: Revenue: The company...
Persistent Systems launches SASVA 2.0 to revolutionize software development
Persistent Systems, a global leader in digital engineering and enterprise modernization, has recently launched SASVA 2.0, the newest generation of its flagship AI-powered platform that uses generative...
Persistent Systems achieves carbon neutrality for scope 1 and 2 emissions, aiming for net-zero by 2050
Persistent Systems has successfully achieved carbon neutrality for its Scope 1 and Scope 2 emissions for FY23-24, a full year ahead of its target. This milestone, verified by DNV Business Assurance, s...
IT Stocks Update: Persistent, LTTS, Wipro, Mphasis among top losers as IT stocks face pressure
IT stocks are trading under pressure today, with major names in the sector witnessing declines. Here’s a look at how the top IT stocks are performing: Persistent Systems: Down by 3.47%, trading at ₹5,...
Persistent Systems acquires Arrka to enhance data privacy and AI-driven business transformation
Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, has announced its intent to acquire Pune-based Arrka, a company recognized for its decade-long expertise in dat...
Motilal Oswal turns bullish on IT sector, expects up to 26% upside in stocks
Motilal Oswal expects significant upside in leading IT stocks, with projected gains of up to 26%. MOSL's top picks for the sector include HCL Technologies, LTIMindtree, and Persistent Systems, among o...