Persistent Systems Stock News Today

Reliance Industries Stock: Reliance Industries is all set to declare its Q4 results & dividend for the January-March 2024 quarter.

Persistent Systems reported a 25.36 percent rise in net profit at Rs 315.3 crore year-on-year for the fourth quarter

Here are some stocks that will be in focus on Wednesday Persistent Systems Stock,Titan Stock, Vodafone Idea Stock, Patanjali Foods Stock

Persistent Systems continues to report strong growth even during the challenging times with increasing client engagement, Axis Securities said. The broking firm assigned KPIT Tech target price based on 47x FY26E EPS .

Multibagger stock: Persistent Systems shares ended 3.05% percent higher at Rs 8639.30 on Monday against the previous close of Rs 8,383.55 on BSE. Market cap of the firm rose to Rs 66,457 crore on BSE.

Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesdays trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order book in Q3 FY24.

The EBITDA margin or operating margin increased to 17.7% from 13.7% in the previous quarter. Persistent Systems had said earlier that it expected to improve margins by 200-300 basis over the next two to three years.

Persistent Systems stock ended 1.13% percent higher at Rs 7702.45 on Wednesday against the previous close of Rs 7616.35 on BSE.

The board, which will meet on on January 19 and 20, will consider a stock split along with December quarter results and a dividend

After an almost 73 percent jump in the stock in 2023 YTD, brokerage house Axis Securities has chosen Persistent Systems as its top pick of the week. The brokerage has a ‘buy’ recommendation on the stock with a target price of ₹7,115, indicating an upside of 10%.