Page 14 - Persistent Systems News Today

F&O Stocks to Buy: The Nifty futures closed negative with losses of 1.86% at 21202 levels on Tuesday. India VIX was up by 7.61% from 13.80 to 14.85 levels. Volatility spiked to 15.4 zones and awakened the bears which led to the weakness across the market.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The mid-tier IT services company currently has over 75 active generative proof of concepts in work. While the revenue is small at the moment, Kalra believes it’s a promising area.

InterGlobe Enterprises, which runs and operates IndiGo airline, appointed Aditya Pande as the Group CEO with effect from March 2024.

HSBC has given the stock a buy call and raised the target price to Rs 9,875 from Rs 6,950 on yet another strong quarterly earnings.

Tanla Platforms shares ended on a flat note at Rs 1178.05 on Saturday against the previous close of Rs 1177.65 on BSE. Market cap of Tanla Platforms stood at Rs 15,840.04 crore.

​After reaching a lifetime high at 22,124, the Nifty experienced a dip and found support at 21,350-21,400, which aligned with the 26-day exponential moving average, thereby establishing this as a crucial support.

Persistent Systems delivered robust financial results in Q3FY24, driven by impressive performance across its diverse segments. The company reiterated its EBIT margin improvement guidance of 200-300 bps.

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 high valuation demands flawless execution, adaptation to technological inflections, and overcoming revenue losses