Page 42 - Persistent Systems News Today

According to a TOI report, Infosys and HCLTech have chosen not to implement raises this time. Typically, Infosys announces its salary hikes in June/July, with them taking effect from April. HCLTech has opted to skip increments for mid to senior employees in this fiscal year and has postponed raises for junior employees by a quarter.

Persistent Systems has achieved the recognition as a Leader in the 2023 Everest Group’s Payments IT Services PEAK Matrix Assessment

My view on midcap IT is very counter-specific and stock-specific. If you look at Cyient, valuation-wise and oin terms of peer comparison, it definitely looks attractive. So, one can go and start picking up Cyient from a medium to long-term perspective.

Sharekhan is bullish on Persistent Systems has recommended buy rating on the stock with a target price of Rs 6000 in its research report dated August 31, 2023.

​This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.

Maruti Suzuki India Limited on Friday announced that it recorded its highest ever monthly sales in August. The auto majors total sales grew by 14 per cent in August 2023 and stood at 1,89,082 units as compared to 1,65,173 units in August 2022.

The stock market marked an exceptional day on September 1, 2023, as several large and midcap companies achieved significant milestones by reaching new all-time highs.

A mixed trend was seen on the sectoral front, with oil & gas, power, FMCG and bank down 0.5-1.3 percent, while realty, metal, capital goods and information technology gained 0.2-0.7 percent

August 31, 2023, witnessed significant achievements in the Nifty 200 stocks as they reached new all-time highs, showcasing their growth potential and positive market sentiment.

August 31, 2023, witnessed remarkable achievements as large and midcap stocks surged to new 52-week highs.