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Q3 Results Today: Several top Indian companies, including Adani Total Gas, Bajaj Finserv, and Larsen & Toubro, will release their Q3 earnings on January 30, keeping investors engaged in monitoring corporate
Multibagger stock: Persistent Systems shares ended 3.05% percent higher at Rs 8639.30 on Monday against the previous close of Rs 8,383.55 on BSE. Market cap of the firm rose to Rs 66,457 crore on BSE.
Nifty 50 index dipped 0.99 per cent at 21,522, whereas the Sensex settled 1.11 per cent or 891 points lower at 71,139 levels , , stock market, nifty, sensex, national stock exchange, tata motors, bajaj finance, grasim industries, zee entertainment, retail investors, Intraday
The company’s revenue increased by 3% sequentially in the December quarter to $300.6 million, one of the highest growth rates among peers. In rupee terms, it rose by 3.6% to Rs 24,982.2 crore while net profit grew by 8.7% to Rs 2,861.3 crore.
IT midcap companies such as LTIMindtree and Persistent Systems said they are increasingly getting an opportunity to bid for bigger deals due to their strong execution. This was only open to large caps in the past. Experts said that while sectors like BFSI and hitech are down currently, there is good demand from healthcare and life sciences, manufacturing, and ER&D where the mid-tier companies have a good play.