active stocks: Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 174.6 points up at 19031.85
Source: indiatimes.com
📰 Persistent System News
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HDFC MF sells 2% in Persistent for ₹905 cr
The stake sale has lowered HDFC AMC’s stake to 3.06% in the $5 billion Pune-based IT firm, in which the country’s top fund managers held over 23.5% through 35 different schemes as of June end.
City Union Bank Motilal Oswal Flexi Cap Fund Equitas Small Finance Bank Ltd Karur Vysya Bank Ltd Nippon Life India Trustee Ltd Small Cap Fund
Source: livemint.com
Polygon Cofounder Jaynti Kanani Steps Down To Pursue New Adventures
Polygon cofounder Jaynti "JD" Kanani has stepped down from his role at the Peak XV-backed blockchain scaling platform.
Source: inc42.com
Mutual funds increase weightage in technology, metals, consumer durables sectors
In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month rise in their weights, according to a report by Motilal Oswal Financial Services.
Grasim Inds Piramal Pharma Maruti Suzuki Union Bank Nippon India Small Cap Fund Nippon India Multi Cap Fund
Source: moneylife.in
Can Persistent System continue its outperformance?
The company aims at doubling revenues in the next four years and its differentiated capabilities stand out amid challenges
Source: moneycontrol.com
Tomahawk Robotics Selects Persistent Systems to Support Navy EOD Radio Development
Looking for the latest Government Contracting News? Check out our story: Tomahawk Robotics Selects Persistent Systems to Support Navy EOD Radio Development.
Source: executivebiz.com
Tata Elxsi, LTIMindtree, Mphasis, L&T Tech shares: JPMorgan sees up to 41% fall on these IT stocks
Tata Elxsi share price target: JPMorgan has a target of Rs 4,600 on the stock, which suggests a 40.64 per cent drop from the prevailing price of Rs 7,749.80. JPMorgan finds 57 times one-year forward PE for Tata Elxsi as excessive.
Source: businesstoday.in
Persistent Systems shares plunge 4% as JPMorgan sees stock at Rs 4,100
JPMorgan had in April initiated coverage on KPIT Technologies stock with an 'underweight' rating and a 12-month target of Rs 520 that suggested a potential 43.78 per cent downside on the stock.
Source: businesstoday.in
Worldwide IT Security Consulting Services Market Size
[219 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global IT Security Consulting...
Source: globenewswire.com
Persistent Systems: Should you buy this mid-cap IT stock after Q4?
Even though Persisten Systems reported an in line quarterly numbers, brokerages are not upbeat about the stock. Motilal Oswal Financial Services has a neutral view on Persistent Systems while Nirmal Bang has a sell call on the stock.
Andhra Pradesh Motilal Oswal Motilal Oswal Financial Services Persistent Systems Persistent System Nirmal Bang
Source: livemint.com