Page 6 - Persistent Systems News Today

Presentation Operator MessageOperator Ladies and gentlemen, good day, and welcome to Persistent Systems Earnings Conference Call for the Fourth Quarter of FY 24 ended March 31, 2024. We have with us...

FIIs raised stakes in multiple IT stocks in Q4, hoping for a turnaround in FY25. However, they sold IT stocks in April, leading to a 4.4% drop in the Nifty IT index. Various companies and sectors were involved in these transactions.

BPCL, Tata Consumer Products, Eicher Motors, L&T and Shriram Finance were among top Nifty gainers. The losers included NTPC, HDFC Bank, JSW Steel, IndusInd Bank and Tata Steel

Sensex surged 560 points, Nifty gained 189 points. Top contributors were ICICI Bank, L&T, Infosys, Axis Bank, Reliance Industries, SBI, Bajaj Finance. Conversely, HDFC Bank and NTPC weighed on the index.

Deepak Shenoys Capital Mind ventures into various sectors with a focus on power transformers, hospitality, and financial investments. Uncertainty surrounds the FOMO crowds return, Vodafone FPO, and the evolution of the diagnostics space. Sheoy also days: "On the pricing power front, travel and hospitality has really increased in the last year or so. So, something could have fundamentally changed there."

Persistent Systems Limited (PERSISTENT.NSE): Stock quote, stock chart, quotes, analysis, advice, financials and news for Stock Persistent Systems Limited | NSE India S.E.: PERSISTENT | NSE India S.E.

Based on the OI percentage, a total of 76 stocks were on the short-covering list which included IndiaMART InterMESH, Bata India, Wipro, Indraprastha Gas, and Exide Industries.

This week's quarterly results of prominent companies, India’s manufacturing PMI, services PMI, and Foreign Exchange Reserves data, are major events that will move the markets

Consolidated revenue for the fourth quarter stood at Rs 2,590 crore, a rise of 14.9 percent year-on-year.

Multinational technology services company Persistent Systems on Sunday announced revenue of $1,186 million in FY24, which is up 14.5 per cent (year-on-year).The IT services firm reported an 25.36 per cent rise in net profit to Rs 315.3 crore ...