Persistent Systems Limited (NSE:PERSISTENT)
India
· Delayed Price · Currency is INR | Market Cap | 849.12B |
| Revenue (ttm) | 113.19B |
| Net Income (ttm) | 13.20B |
| Shares Out | 148.70M |
| EPS (ttm) | 85.30 |
| PE Ratio | 66.94 |
| Forward PE | 52.41 |
| Dividend | 26.00 (0.46%) |
| Ex-Dividend Date | n/a |
| Volume | 335,438 |
| Average Volume | 401,327 |
| Open | 5,925.00 |
| Previous Close | 5,917.90 |
| Day's Range | 5,680.00 - 5,937.40 |
| 52-Week Range | 3,232.05 - 6,788.90 |
| Beta | 0.72 |
| RSI | 43.17 |
| Earnings Date | Apr 21, 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
IT sector stocks update: Persistent Systems up 3.27%, LTIMindtree gains 2.81%, Tech Mahindra rises 1.46%, Wipro up 1.49%
As of 9:48 AM, the IT sector stocks are trading mostly in the green, with notable gains across major players. Persistent Systems stock surged 3.27% to ₹5,712.00, leading the sector’s gains. LTIMindtre...
Persistent Systems shares surge 3% after JP Morgan maintains ‘Overweight’ rating
Persistent Systems’ shares jumped 3% following JP Morgan’s decision to maintain its Overweight rating on the company, citing its strong growth potential and impressive deal pipeline. JP Morgan forecas...
JP Morgan maintains ‘Overweight’ on Persistent Systems, sees 30% upside on strong growth potential
JP Morgan has maintained its Overweight rating on Persistent Systems, citing the company’s high-quality growth trajectory and strong deal pipeline. The brokerage sees 30% potential upside, driven by r...
Persistent Systems’ valuation expensive despite company being top performing IT company, says HSBC
HSBC has maintained a ‘Hold’ rating on Persistent Systems, setting a target price of ₹5,650 per share, as uncertainty over global IT spending in 2025 weighs on near-term growth prospects. The company’...
Flipkart Commerce Cloud and Persistent Systems Forge Strategic Collaboration to Accelerate Global Expansion and Integration of Advanced E-Commerce Solutions
BENGALURU, India, Feb. 11, 2025 /PRNewswire/ — Flipkart Commerce Cloud (FCC), the technology solutions arm of Flipkart, India’s homegrown e-commerce marketplace, has announced a strategic collaboratio...
Top stock recommendations for the week starting January 27
Motilal Oswal Financial Services Ltd recommends Coforge and Persistent Systems as top stock picks for the week. Coforge demonstrates strong revenue growth, driven by partnerships and rising demand. Pe...
Why are Persistent Systems shares up 10% today?
Persistent Systems’ shares rose 10% today following impressive financial results for the quarter ending December 31, 2024. The company posted a 22.6% YoY increase in revenue, reaching ₹3,062.28 crore,...
Persistent Systems shares jump 6% as revenue surges 22.6% YoY in Q3 FY25
Persistent Systems’ shares saw a 6% jump after the company reported strong financial growth for the quarter ending December 31, 2024. As of 9:39 AM, the shares were trading 6.77% higher at Rs 6,068.00...
Bullish or Bearish on Persistent Systems: Brokerages divided; Citi says ‘Sell’, HSBC cautious with Hold, JPMorgan calls Overweight
Brokerages have issued mixed recommendations on Persistent Systems following its Q3 performance. While the company reported decent results with in-line revenue and better-than-expected margins, elevat...
Brokerage Report: Citi maintains ‘Sell’ on Persistent, raises target to Rs 5,000
Citi has reiterated its ‘Sell’ rating on Persistent Systems, raising the target price to ₹5,000 from the previous estimate. While the company reported a decent Q3 performance with in-line revenue and ...
Brokerage Alert: Nomura maintains ‘Neutral’ on Persistent Systems, sees resilient growth
Nomura brokerage has reiterated a ‘Neutral’ rating on Persistent Systems with a target price of ₹6,200, implying an upside potential of 9.6% from the current market price of ₹5,655.00. The brokerage e...
Persistent Systems declares interim dividend for FY25 at Rs 20 per share
The Board of Directors of Persistent Systems Limited has approved the payment of an interim dividend of ₹20 per equity share (face value of ₹5 each) for the financial year 2024-25. This announcement r...
Persistent Systems Q3 FY25 Results: Revenue surges 22.6% YoY to Rs 3062.28 crore, Profit rises 30.3%
Persistent Systems Limited announced robust financial results for the quarter ending December 31, 2024, reporting strong year-on-year (YoY) and sequential growth. Key Financial Highlights: Revenue fro...
Persistent Systems shares drop over 6% ahead of Q3 results
Shares of Persistent Systems Ltd., one of the best-performing stocks on the Nifty IT index in 2024, fell over 6% on Wednesday, January 22. The decline comes as the company prepares to report its Decem...
Most Active Stocks Today: MCX up 3.78%, HDFC Bank up 0.22%, ICICI Prudential down 8.22%, Persistent Systems down 5.58%
On January 22, 2025, the Indian stock market showcased significant activity across various sectors. Here’s a quick look at the most active stocks based on trading value and percentage changes: Top Gai...
Persistent Systems launches ContractAssIst, leveraging Microsoft 365 Copilot for advanced contract management
Persistent Systems Limited, a global leader in digital engineering and enterprise modernization, has unveiled ContractAssIst, a cutting-edge contract management solution powered by Microsoft 365 Copil...
Persistent Systems launches Pi-OmniKG to boost biomedical research with AI-driven solutions
Persistent Systems (BSE: 533179, NSE: PERSISTENT) has unveiled Pi-OmniKG, an advanced AI-driven knowledge graph solution powered by Google Cloud technology. Designed for healthcare and life sciences (...
Tech stocks update: TCS flat, Tata Tech gains 2.00%, Persistent falls 3.26%, OFSS down 4.17%
As of 10:54 AM, tech stocks exhibited mixed performance. Here are the key movements: Gainers: Tata Tech: Leading the pack with a 2.00% gain, trading at ₹899.10. TCS: Rose 0.17%, currently at ₹4,035.00...
Persistent Systems acquires Soho Dragon assets for $5.94 million to strengthen BFSI focus
Persistent Systems Limited has announced the acquisition of select assets from Soho Dragon Solutions India Private Limited, an IT services provider catering primarily to BFSI clients. The transaction,...
IT Stocks: Persistent (-3.77%), OFSS (-2.40%), Coforge (-1.99%), HCL Tech (-1.56%) lead IT sector losses
As of 9:17 AM, IT sector stocks are trading lower across the board, with significant declines observed in several midcap and large-cap IT players. Persistent Systems and Oracle Financial Services Soft...
IT Stocks Today: Intellect Design up 12%, Tejas Networks down 2%, Persistent Systems down 1% and more
The IT sector displayed varied performance today, with mid-cap stock Intellect Design surging over 12.67%, leading the pack. Large-cap IT giants like Infosys and TCS registered marginal declines, whil...
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...