Persistent Systems

Infosys, TCS or a Coforge, Persistent Systems? Why picking IT stocks is more art than science, explains Share.Market expert

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Infosys, TCS or a Coforge, Persistent Systems? Why picking IT stocks is more art than science, explains Share.Market expert

Accenture’s better-than-estimated Q3 revenue estimates initially thrilled global tech watchers but economic uncertainty and shifting US policies are squeezing global tech spending and creating concerns for the tech companies and Indian IT stocks, which often follow Accenture’s cues are reflecting this uncertainty, Mayank Jain, Market Analyst, Share.Market says. In his view, Tier-1 giants like TCS … Read more

IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

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IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more

Infosys slips 6% post Q3 results, drags down Nifty IT index

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Infosys slips 6% post Q3 results, drags down Nifty IT index

Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was … Read more

Breakout Stocks: How to trade Nalco, Persistent Systems and Fortis Healthcare on Monday? – Market Summary

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Breakout Stocks: How to trade Nalco, Persistent Systems and Fortis Healthcare on Monday? – Market Summary

After a period of consolidation, Fortis Ltd has broken out of its range, displaying significant bullish momentum, which indicates that buyers are in control. However, the breakout was met with strong selling pressure at higher levels on the daily scale, resulting in a battle between buyers and sellers—a sign of potential momentum exhaustion. Friday’s candlestick … Read more

Strong deal momentum to keep Street hooked on to Persistent

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Strong deal momentum to keep Street hooked on to Persistent

ET Intelligence Group: The stock of Persistent Systems, a mid-tier IT services company, has gained 10% since its second-quarter result announcement last Tuesday, taking the three-month return to 20%. The stock has remained buoyant following the company’s strong business momentum in the September quarter, even as the broader market has shown weakness. The key business … Read more

IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

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IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more

3 sectors Vinay Rajani is bullish on for near term

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3 sectors Vinay Rajani is bullish on for near term

“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more

These 12 midcap stocks hit fresh 52-week highs; rallied up to 27% in a month – On A Roll!

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These 12 midcap stocks hit fresh 52-week highs; rallied up to 27% in a month – On A Roll!

Indian Railway Finance Corporation Share Price 167.02 04:00 PM | 12 Sep 2024 1.15(0.69%) One97 Communications Share Price 666.0 04:01 PM | 12 Sep 2024 -0.5(-0.08%) YES Bank Share Price 23.43 04:01 PM | 12 Sep 2024 -0.4(-1.64%) ITC Share Price 519.5 04:13 PM | 12 Sep 2024 5.15(1.01%) HDFC Bank Share Price 1666.6 04:00 … Read more

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

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IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Shares of India’s software services exporters on Friday rallied up to 4% during the day as quarterly results of global peer Accenture had a few positive elements such as strong bookings growth and acceleration in growth rates. Shares of Persistent Systems was the top gainer as it rallied over 4% to day’s high of Rs … Read more

Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO

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Our aspiration is to make Persistent a billion plus company in next three years: CEO

Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us … Read more