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Persistent Systems Ltd Share Price (PERSISTENT)

₹8652.31.08%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Persistent Systems Ltd

Key events for Persistent Systems Ltd

  • Persistent Systems Among Top IT Picks by Axis Securities - 22 Feb, 2024

    Axis Securities has named Persistent Systems as one of its top IT sector picks following the company's strong growth and increasing client engagement during challenging times. The brokerage has a buy call on the stock with a target price of ₹9,570.

  • Persistent Systems Ltd has a solid balance sheet with net cash - 12 Feb, 2024

    Persistent Systems Ltd's balance sheet looks strong, with liabilities almost equal to liquid assets. The company has net cash of ₹8.84b and grew its EBIT by 19% over the last year.

  • Persistent Systems Ltd Up 1.01% on NSE - 06 Feb, 2024

    Persistent Systems Ltd is up 1.01% on the day, trading at Rs 8640 as of 12:49 IST on the NSE. The stock has risen around 18.58% in the last month and 79.23% in the last year, outperforming both the NIFTY and Nifty IT index. The PE ratio for the stock is 62.02 based on TTM earnings ending December 2023.

  • Persistent Systems Declares Interim Dividend, Record Date Set - 30 Jan, 2024

    IT firm Persistent Systems has declared an interim dividend of Rs 32 per equity share with a record date of January 30. The stock opened higher and has delivered multibagger returns in the past two to three years.

  • Persistent Systems Appoints New COO and SVP - 29 Jan, 2024

    Persistent Systems has appointed Dhanashree Bhat, former Chief Delivery Officer for Telecom, Media, and Technology at Tech Mahindra, as its new COO. Additionally, Rajiv Sodhi, former Microsoft India COO, has been named Senior Vice President.

  • Persistent Systems to Trade Ex-Dividend and Ex-Share Split - 26 Jan, 2024

    Persistent Systems will trade ex-share split and ex-dividend on January 30, following the announcement of an interim dividend of Rs 32 per equity share for FY 2023-24 and a stock split in the ratio of 1:2.

  • Persistent Systems Increases Dividend Payout - 25 Jan, 2024

    Persistent Systems Limited is set to increase its dividend payout to Rs 32.00 on February 19, with a forecasted EPS expansion of 68.9% over the next year.

  • Persistent Systems Reports Strong Q3 Results - 24 Jan, 2024

    Persistent Systems beats EPS expectations and reports double-digit YoY growth in Q3 with an all-time high total contract value of $521 million.

Analyst Rating for Persistent Systems Ltd stock

based on 31 analysts

HOLD
40.62%
Buy
31.25%
Hold
28.12%
Sell

Based on 31 analysts offering long term price targets for Persistent Systems Ltd. An average target of ₹7627.16

Source: S&P Global Market Intelligence

Persistent Systems Ltd share Performance

  • ₹8620
    ₹8744
    ₹8652.3
    downward going graph

    0.37%

    Downside

    Day's Volatility:1.43%

    Upside

    1.06%

    downward going graph
  • ₹3962.05
    ₹8900
    ₹8652.3
    downward going graph

    54.21%

    Downside

    52 Weeks Volatility:57.07%

    Upside

    2.86%

    downward going graph
1 Month Return2.08 %
3 Month Return35.4 %
1 Year Return76.76 %
Previous Close₹8,560.15
Open₹8,655.00
Volume1.54L
Market Cap₹65,848.95Cr

Persistent Systems Ltd Company Information

Persistent Systems Ltd is a leading global technology solutions company founded in 1990 by Dr. Anand Deshpande. The company is headquartered in Pune, India and has operations in North America, Europe, and Asia-Pacific.

Persistent Systems Ltd provides software product engineering, technology consulting, and digital transformation services to customers across the globe. The company offers a wide range of services, including product engineering, cloud, mobility, analytics, artificial intelligence, and internet of things solutions.

The company has several popular brands, including WaveMaker, a low-code application development platform, and NuoDB, a distributed SQL database. Other popular products include Persistent’s enterprise-grade cloud platform, CloudFabrix, and its mobile application development platform, MobileFabrix.

Persistent Systems Ltd also offers a range of services, such as software product development, software testing and quality assurance, software maintenance and support, and IT infrastructure services. The company is also a leading provider of enterprise digital transformation services, helping customers to transform their business processes and operations.

Share Price: ₹8652.30 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹65,848.95Cr as of today
Revenue: ₹2,498.22Cr as on December 2023 (Q4 23)
Net Profit: ₹286.13Cr as on December 2023 (Q4 23)
Listing date: 06 Apr, 2010
Chairperson Name: Anand Deshpande
OrganisationPersistent Systems Ltd
Headquarters
IndustryIT - Software
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Fundamentals of Persistent Systems Ltd

Insights on Persistent Systems Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, PERSISTENT stock has moved up by 420.4%

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 21.27% to 24.55% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 13 quarters, 1.10K Cr → 2.53K Cr (in ₹), with an average increase of 6.6% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, PERSISTENT has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, PERSISTENT has outperformed top 5 stocks with highest market-cap in IT Services & Consulting

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 3 quarters, 228.77 Cr → 286.13 Cr (in ₹), with an average increase of 10.6% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 31.06% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 24.13% to 22.35% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 16.95% to 16.91% in Dec 2023 quarter

Persistent Systems Ltd Valuation

Persistent Systems Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.45x)

May 4, 2020

Industry (39.91x)

February 23, 2024

Today (63.16x)

February 23, 2024

Highest (64.75x)

February 16, 2024

LowHigh

Persistent Systems Ltd Mutual Fund Holdings

Funds Holdings
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth4.07%
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.59%
Axis Midcap Fund Direct Plan GrowthAxis Midcap Fund Direct Plan Growth4.09%
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth9.6%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth10.22%

Persistent Systems Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
31.06%
0.00
Foreign Institutions
24.55%
15.45
Mutual Funds
22.35%
-7.37
Retail Investors
16.91%
-0.23
Others
5.12%
-22.29

Technicals of Persistent Systems Ltd share

News & Events of Persistent Systems Ltd

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Persistent Systems Ltd (PERSISTENT) share price today is ₹8652.3

Persistent Systems Ltd is listed on NSE

Persistent Systems Ltd is listed on BSE

  • Today’s highest price of Persistent Systems Ltd is ₹8744.
  • Today’s lowest price of Persistent Systems Ltd is ₹8620.

PE Ratio of Persistent Systems Ltd is 63.16

PE ratio = Persistent Systems Ltd Market price per share / Persistent Systems Ltd Earnings per share

Today’s traded volume of Persistent Systems Ltd(PERSISTENT) is 1.54L.

Today’s market capitalisation of Persistent Systems Ltd(PERSISTENT) is ₹65848.95Cr.

Persistent Systems Ltd(PERSISTENTPrice
52 Week High
₹8900
52 Week Low
₹3962.05

Persistent Systems Ltd(PERSISTENT) share price is ₹8652.3. It is down -2.78% from its 52 Week High price of ₹8900

Persistent Systems Ltd(PERSISTENT) share price is ₹8652.3. It is up 118.38% from its 52 Week Low price of ₹3962.05

Persistent Systems Ltd(PERSISTENTReturns
1 Day Returns
92.15%
1 Month Returns
2.08%
3 Month Returns
35.4%
1 Year Returns
76.76%