Persistent Systems Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

J B Chemicals & Pharmaceuticals Ltd, Shoppers Stop Ltd, Natco Pharma Ltd, LTIMindtree Ltd are among the other stocks to see a surge in volumes on BSE today, 19 December 2024.

Persistent Systems Ltd notched up volume of 1.06 lakh shares by 10:46 IST on BSE, a 5.15 fold spurt over two-week average daily volume of 20663 shares. The stock rose 0.00% to Rs.6,544.55. Volumes stood at 5997 shares in the last session.

J B Chemicals & Pharmaceuticals Ltd saw volume of 8355 shares by 10:46 IST on BSE, a 2.99 fold spurt over two-week average daily volume of 2797 shares. The stock increased 2.93% to Rs.1,910.10. Volumes stood at 3267 shares in the last session.

Shoppers Stop Ltd registered volume of 13173 shares by 10:46 IST on BSE, a 2.32 fold spurt over two-week average daily volume of 5680 shares. The stock rose 3.10% to Rs.655.15. Volumes stood at 28004 shares in the last session.

Natco Pharma Ltd witnessed volume of 66086 shares by 10:46 IST on BSE, a 1.93 times surge over two-week average daily volume of 34246 shares. The stock increased 0.82% to Rs.1,457.70. Volumes stood at 16586 shares in the last session.

LTIMindtree Ltd notched up volume of 12075 shares by 10:46 IST on BSE, a 1.65 fold spurt over two-week average daily volume of 7306 shares. The stock slipped 4.23% to Rs.6,298.40. Volumes stood at 2808 shares in the last session.

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Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5969.25, up 0.87% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.25% on the day, quoting at 24161.15. The Sensex is at 79896.82, down 0.27%. Persistent Systems Ltd has risen around 5.34% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 4.08% in last one month and is currently quoting at 43618.15, up 0.71% on the day. The volume in the stock stood at 2.32 lakh shares today, compared to the daily average of 4.28 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 5958.6, up 0.56% on the day. Persistent Systems Ltd is up 88.93% in last one year as compared to a 21.48% spurt in NIFTY and a 36.77% spurt in the Nifty IT index.

The PE of the stock is 94.32 based on TTM earnings ending September 24.

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Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5783.6, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. Persistent Systems Ltd has gained around 1.13% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 3.67 lakh shares today, compared to the daily average of 5.13 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 5779.4, up 0.81% on the day. Persistent Systems Ltd is up 81.34% in last one year as compared to a 19.6% jump in NIFTY and a 31.72% jump in the Nifty IT index.

The PE of the stock is 91.34 based on TTM earnings ending September 24.

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On year on year (YoY) basis, the company’s net profit and revenue jumped 23.4% and 20.1% in Q2 FY25.

Profit before tax (PBT) jumped 8.48% YoY to Rs 434.52 crore during the quarter.

EBITDA stood at Rs 480.73 crore, registering the growth of 18.7% YoY. EBITDA margin stood at 16.6%

In dollar terms, the IT firm’s revenue stood at $345 million in Q2 FY25, up 5.3(QoQ) and up (18.4% YoY).

The order booking for the quarter ended on September 30, 2024, was at $529.0 million in Total Contract Value (TCV) and at $348.3 million in Annual Contract Value (ACV) terms.

Sandeep Kalra, chief executive officer and executive director, Persistent Systems, said, “This quarter, we continued to strengthen our capabilities and advance our AI-led, platform driven services strategy. We brought on Starfish Associates to elevate our AI-powered contact center modernization; the addition of Arrka expands our comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity.

Persistent Systems is a global services and solutions company delivering digital engineering and enterprise modernization. The company works with the industry leaders including 14 of the 30 most innovative companies as identified by BCG, 8 of the top 10 largest banks in the US and India, and numerous innovators across the healthcare and software ecosystems.

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