Indices: Stock market update: Nifty IT index advances 1.07% in an upbeat market
The Nifty IT index was trading 1.07 per cent up at 37090.85.
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The Nifty IT index was trading 1.07 per cent up at 37090.85.
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.
The Nifty IT index closed 0.48 per cent down at 36521.35.
Persistent Systems Q3 earnings: Brokerage Dolat Capital said the IT major is likely to report a 17% rise in Q3 profit at Rs 278.2 crore on a 14.8 increase in revenue to Rs 2490.7 crore.
ICICI Bank Ltd.'s third-quarter net profit grew 24% on higher other income and lower provisions, meeting estimates. The private sector lender posted a profit of Rs 10,271 crore for the October–December period, compared with Rs 8,312 crore in the year-ago period.