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January 23, 2024
Motilal Oswal recommended Neutral rating on Persistent Systems with a target price of Rs 8110 in its research report dated January 23, 2024.
January 23, 2024
The domestic equity market was trading lower on Tuesday. Sensex fell 534 points to 70,889 and Nifty slipped 170 pts to 21,401. Heres a look at stocks buzzing in action today.
January 23, 2024
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.
January 23, 2024
Biggest losers on the Nifty were IndusInd Bank, Coal India, ONGC, Adani Ports and SBI Life Insurance, while gainers were Cipla, Sun Pharma, Bharti Airtel, ICICI Bank and Hero MotoCorp
January 23, 2024
Persistent Systems witnessed a surge in shares following its robust Q3 FY24 performance, reflecting an 8.7% QoQ and 20.2% YoY surge in net profit to ₹286 crore. Additionally, revenue saw a 3.6% QoQ and 15.2% YoY improvement.
January 23, 2024
Sandeep Kalra says: “In terms of industry verticals, we have said it over the past several quarters, that healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI. And that is the trend that we are seeing in our order book and that should pan out for us as well.”
January 23, 2024
Top Gainers and Losers Today : The Sensex lost 1053.1 points, or -1.47, to settle at 71423.65, while the Nifty lost 333.0 points, or -1.54, to close at 21571.8.
January 23, 2024
Nifty on Tuesday ended 333 points lower to form a long bear candle on the daily chart with analysts warning that one may expect more weakness from here to form a new lower bottom of the sequence.
January 22, 2024
Many enterprises in the U.S. are launching initiatives to realize the potential of generative AI (GenAI) for data-driven decision-making to maintain growth amid economic uncertainty, according to a new research report published today by Information...
January 22, 2024
Rajashree joins an entirely new leadership at Tech Mahindra, led by CEO Mohit Joshi who moved to the company from Infosys. Joshi took over the reins following CP Gurnani’s retirement in December.