Persistent Systems Ltd News

Stocks to watch: BEL, Swiggy, Eternal, IHCL, PC Jeweller, RBL Bank, SRF

Stocks to watch today: BEL, Swiggy, Eternal, IHCL, PC Jeweller, RBL Bank, SRF, Nestle India, Zydus Wellness, Persistent Systems, Adani Green Energy, Aye Finance, among others, will be in focus today

Nifty IT index hits 8-month high; LTTS zooms 15% on Wednesday; here's why

Thus far in October, the Nifty IT index has rallied 16% as TCS, Tech Mahindra, Wipro, Infosys and Mphasis surged in the range of 18-23% amid Q2 earnings cheer.

Persistent Systems Q2 profit falls 25.4% to ₹351 crore; revenue up 30.3%

Persistent Systems reported a 25.4% fall in Q2 profit to Rs 351 crore, even as revenue rose 30.3% to Rs 4,664 crore; operating margin narrowed to 15% from 16.3%

Technical view: Chandan Taparia bullish on HAL, Shriram Finance & 1 more

Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.

Nifty IT shines, up 3%; HCL Tech, TCS, LTM, Tech Mahindra surge up to 5%

In the past four trading days, Nifty IT index outperformed the market by gaining 5.6% as against a 1.2% rise in the Nifty 50.

Angel One: Nifty's technical setup remains weak; Trent among 3 stock ideas

From a technical perspective, the 22,200-22,000 zone emerges as a crucial support threshold, and any decisive breach below this range could weaken the near-term market structure further.

IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%

IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.

Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows

The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.

Nifty showing signs of trend reversal; buy the dips says Jatin Gedia

The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.

24,100 key hurdle for Nifty; Chandan Taparia bets on Eternal, Bajaj Auto

Chandan Taparia says that if Nifty crosses 24,100, we could see the index moving towards 24,200-24300. He has recommended buying Persistent Systems, Eternal, & Bajaj Auto shares for the short term

Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why

IT stocks rallied on Friday after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.

IT sector Q1FY27 review: Tier-2 firms lead revenue growth amid soft demand

IT Q1FY27 review: As per MOFSL, revenue growth in Q1 was led by Tier-2 pack IT services companies. Tier-1 players grew 0.4 per cent Q-o-Q CC, while Tier-2 players outperformed with 1.8 per cent growth

Persistent Systems upbeat on banking, insurance to drive growth: CEO

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

Persistent Systems Q1FY27 result: Profit rises 13.7% to ₹483 crore

IT firm Persistent Systems has reported a 13.67 per cent increase in consolidated net profit to Rs 483.04 crore in the April-June quarter. The company had posted a net profit of Rs 424.93 crore in the year-ago period. Persistent Systems' revenue from operations rose 29 per cent to Rs 4303.22 crore in Q1 FY27, as compared to Rs 3,333.58 crore in Q1 FY26. Seen sequentially, profit fell 8.7 per cent on account of forex losses, while revenue grew 6 per cent. "This performance was underpinned by a record quarterly Total Contract Value (TCV) of USD 1.15 billion, reflecting continued momentum in larger client engagements, including a 6.5-year strategic services agreement with a leading global technology company with a TCV of more than USD 650 million," Persistent Chief Executive Officer and Executive Director Sandeep Kalra said. The Software, Hi-Tech and Emerging Industries vertical remained the largest revenue contributor at 40.7 per cent, recording a year-on-year growth of 15.7 per ...

Nifty IT slips 4%; Persistent, Mphasis plunge 5%; why are tech stocks down?

Technology stocks witnessed some profit-taking on Friday following a 19% rally in the Nifty IT index this July.

Coforge soars 7%, Nifty IT index jumps 3%; what's driving the rally?

Thus far in the month of July, the Nifty IT index rallied 15 per cent, as compared to 0.6 per cent rise in the Nifty 50.

Nifty IT index gains 3.5% on Friday as TCS jumps 4% post Q1FY27 results

At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.

Nifty IT index up 3%; Infosys, Tech Mahindra, LTM, Persistent gain 4%

In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.

TCS to Infosys: 9 out of 10 Nifty IT stocks trade up to 27% below 200-DMA

The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.

Nifty IT index rebounds, up 4% after 4-day fall; Infy, TCS surge up to 5%

In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.