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Tanla Platforms shares ended on a flat note at Rs 1178.05 on Saturday against the previous close of Rs 1177.65 on BSE. Market cap of Tanla Platforms stood at Rs 15,840.04 crore.
After reaching a lifetime high at 22,124, the Nifty experienced a dip and found support at 21,350-21,400, which aligned with the 26-day exponential moving average, thereby establishing this as a crucial support.
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.
Persistent Systems share price jumped 10% to hit a new 52-week high at Rs 8,716 in Tuesday's trade on BSE after the firm reported a 20.2% growth in net profit to Rs 286.1 crore year-on-year (YoY) for the December quarter, driven by a strong order book in Q3 FY24.
The high valuation demands flawless execution, adaptation to technological inflections, and overcoming revenue losses