PERSISTENT SYSTEMS Share Price Up by 5%; BSE IT Index Up 0.6%

Fri, 30 Apr 09:28 AM

PERSISTENT SYSTEMS share price has zoomed 5% and is presently trading at Rs 2,116.

Meanwhile, the BSE IT Index is at 26,689 (up 0.6%).

Among the top Gainers in the BSE IT Index today is PERSISTENT SYSTEMS (up 5.2%).

TECH MAHINDRA (down 0.2%) and ECLERX SERVICES (down 0.6%) are among the top losers today.

Over the last one year, PERSISTENT SYSTEMS has moved up from Rs 473 to Rs 2,116, registering a gain of Rs 1,643 (up 344.5%).

On the other hand, the BSE IT has moved up from 13,162 to 26,689, registering a gain of 13,527 points (up 102.8%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were INTELLECT DESIGN (up 841.7%), PERSISTENT SYSTEMS (up 344.5%) and TATA ELXSI (up 311.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 49,434 (down 0.9%).

The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 2.3%), ONGC (up 2.0%) and SUN PHARMA (up 0.9%). Other gainers include INFOSYS (up 0.8%) and ULTRATECH CEMENT (up 0.2%). The most traded stocks in the BSE Sensex are ONGC and SUN PHARMA.

In the meantime, NSE Nifty is at 14,804 (down 0.8%). The top gainers in the NSE Nifty include WIPRO (up 3.5%), BAJAJ AUTO (up 3.1%) and ONGC (up 2.3%). Other gainers include DR. REDDYS LAB (up 1.4%) and DIVIS LABORATORIES (up 1.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,115 to 49,434, registering a gain of 17,319 points (up 53.52%).

PERSISTENT SYSTEMS Financial Update...

PERSISTENT SYSTEMS net profit stood at Rs 1 billion for the quarter ended December 2020, compared to a profit of Rs 879 million a year ago. Net Sales rose 16.5% to Rs 10.8 billion during the period as against Rs 9.2 billion in October-December 2019.

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 42.4x.

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