Persistent Systems Ltd News

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.

AI, uncertain macros, volatile geopolitics may cloud IT earnings

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins

Nagarro can reach our growth rate in 6-12 qtrs: Persistent CEO Kalra

Persistent CEO Sandeep Kalra says Nagarro can match the company's growth rate within 6-12 quarters as integration, cross-selling and capability expansion gather pace

Persistent faces growth, execution worries with Nagarro acquisition

The Nagarro acquisition expands Persistent's global footprint but raises concerns over slower growth, integration challenges and execution risks amid a steep acquisition premium

Persistent crashes 9%, hits 52-week low; what's making Street nervous?

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

Persistent to buy German digital engg firm Nagarro, expand Europe presence

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

Nifty IT index slips 2%; TCS, Infosys, HCL Tech, LTM, Wipro down up to 3%

In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.

IT shares trade weak; Infy, TCS, HCL Tech, Wipro slip up to 2%; here's why

Fed decision, weak US cues: At 10:18 AM on Thursday, the Nifty IT index was the top sectoral loser, down 1 per cent, as against a 0.10 per cent rise in the Nifty 50.

Nifty IT snaps 3-day rally, tumbles 6%; TCS, LTM tank up to 9%; here's why

IT stocks witnessed heavy selling pressure on Wednesday tracking overnight losses in technology shares in the US market. Indian ADRs cracked up to 8%.

Nifty IT extends winning streak to 3rd day, up 3%; TCS, Infosys lead gains

In the past three sessions, the Nifty IT index has climbed as much as 6 per cent, while the Nifty index has declined 2.50 per cent.

Stocks to buy today: LT Foods, Torrent Power, Persistent Systems

Anand James of Geojit Investments has recommended three stocks to buy today - LT Foods, Torrent Power, and Persistent Systems.

SaaSpocalypse unlikely as guidance, EPS robust despite AI fears: CLSA

CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS

Nifty IT jumps 2.5%; why are Infosys, Wipro, TCS, Coforge up today?

Today's sharp outperformance in the IT sector was driven by overnight rally in tech stocks on the Wall Street and company-speciific developments back home.

Nifty IT extends gains for third session, up 8%; check top picks by analyst

Prashanth Tapse of Mehta Equities said that while IT stocks have seen some improvement in price, the broader fundamentals of the sector remain challenging due to relatively subdued growth expectations

Nifty IT rebounds, up 4% in two days; analyst sees short-term upside

The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.

Nifty Midcap Select index hits record high, rallies 13% in one month

The Nifty Midcap Select index hit a new high of 14,223.90, soaring 2% and surpassing its previous high of 14,118 touched on December 1, 2025.

Tech budgets will not rise much, says Persistent CEO Sandeep Kalra

Tech budgets set for modest growth as macro pressures persist, with firms prioritising AI, data readiness, and high-impact digital investments