Page 39 - Persistent Systems News Today

The short build-up was seen in 79 stocks. These included Ipca Laboratories, Delta Corp, SBI Card, NALCO, and Vodafone Idea. An increase in OI along with a fall in price points to a build-up of short positions.

IT stocks have bounced back in recent months, with the Nifty IT index hitting a fresh 52-week high on September 15. The upswing in sentiment can be attributed to improved order books of companies, stable US inflation, reduced fears of a US recession, and consolidation deals within IT companies.

Leaders from Agritech, HealthTech, and CX Solutions share insights on Clouds impact on Indias changing business and innovation landscape.

“It is a leading player in spend management, with more than 50 million prepaid cards issued in partnership with banking partners and more than 2.27 million users served, as of March 31, 2023,” HDFC Securities said.

/PRNewswire/ -- Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today achieved...

Discover 9 stocks that are currently overbought but show signs of a declining RSI, providing valuable insights for investors looking to navigate potential corrections.

" If I have to name a few stocks within the tier ones, within the largecaps an LTI and MindTree, there is certainly an opportunity. If I look in midcap, mid-tier IT, then Persistent Systems and within the smallcap space, Birla Software. These would be some things where there is a good opportunity. Broadly, the mid-tier IT growth outperformance over tier one can continue. "

Managed workspace provider Smartworks has expanded its presence in Chennai, leasing 200,000 square feet of prime office space, bringing its total footprint in the city to over 500,000 square feet. The new centre, set to open in January 2024, has already secured 40% occupancy. Smartworks plans to double its presence in Chennai to one million square feet within the next two years.

Based on the OI percentage, 72 stocks were on the short-covering list. These included AU Small Finance Bank, ICICI Prudential Life Insurance, Kotak Mahindra Bank, Coromandel International and Navin Fluorine International.

Zaggle Prepaid Ocean Services, which provides software as a service (SaaS) solutions in the corporate spend, incentives, and rewards categories plans to raise Rs392 crore through a fresh issue of equity and upto Rs171 crore through an offer for sale