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Neutral Persistent Systems; target of Rs 8110: Motilal Oswal - Vimarsana News

Neutral Persistent Systems; target of Rs 8110: Motilal Oswal

Motilal Oswal recommended Neutral rating on Persistent Systems with a target price of Rs 8110 in its research report dated January 23, 2024.

Hot stocks on January 23: IRFC, Texmaco Rail, Zee Entertainment, Airtel and more - Vimarsana News

Hot stocks on January 23: IRFC, Texmaco Rail, Zee Entertainment, Airtel and more

The domestic equity market was trading lower on Tuesday. Sensex fell 534 points to 70,889 and Nifty slipped 170 pts to 21,401. Here's a look at stocks buzzing in action today.

Persistent Systems shares soar 10%, hit 52-week high on strong Q3 show, ET Telecom - Vimarsana News

Persistent Systems shares soar 10%, hit 52-week high on strong Q3 show, ET Telecom

The EBITDA margin or operating margin increased to 17.7% from 13.7% in the previous quarter. Persistent Systems had said earlier that it expected to improve margins by 200-300 basis over the next two to three years.

Taking Stock: Market in freefall from day's high; Nifty, Sensex down nearly 1.5% each - Vimarsana News

Taking Stock: Market in freefall from day's high; Nifty, Sensex down nearly 1.5% each

Biggest losers on the Nifty were IndusInd Bank, Coal India, ONGC, Adani Ports and SBI Life Insurance, while gainers were Cipla, Sun Pharma, Bharti Airtel, ICICI Bank and Hero MotoCorp

Persistent Systems shares surge 10% in trade today - Vimarsana News

Persistent Systems shares surge 10% in trade today

Persistent Systems witnessed a surge in shares following its robust Q3 FY24 performance, reflecting an 8.7% QoQ and 20.2% YoY surge in net profit to ₹286 crore. Additionally, revenue saw a 3.6% QoQ and 15.2% YoY improvement.