PERSISTENT SYSTEMS SHARE PRICE
Persistent shares surge 3% post acquisition. Ticks all right boxes, says ICICI Securities
Persistent Systems' shares skyrocketed to a record high after sealing a deal to acquire Starfish Associates, boosting their AI offerings.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Technical Breakout Stocks: How to trade UltraTech Cement, Suven Pharma and Titagarh Rail Systems on Friday
The Indian market closed in the green for the fourth day in a row on Thursday to hit fresh record highs. The S&P BSE Sensex climbed above 79,000 for the first time to hit a record high of 79,396 while the Nifty50 rose above 24,000 mark to hit a record high of 24,087.
Titagarh Rail shares rally 17% in 2 days as BlackRock buys over 9 lakh shares
RVNL's stock surged by 3% on BSE following the KRDCL-RVNL JV securing a project worth Rs 156.47 crore from Southern Railway, showcasing a positive trend in the railway sector.
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BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block deal
Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.
MapMyIndia shares rally 37% in 2 days. Here's why Goldman recommended this stock
CE Info Systems shares surged 37% on BSE in response to a 'buy' rating from Goldman Sachs, targeting Rs 2,800.
RailTel, IRCTC among railway stocks rallying up to 9%. What’s the trigger?
Railway stocks like RailTel, IRFC, RVNL, Ircon International, and Titagarh Rail Systems surged up to 9% on BSE today amid positive news flow.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Technical Breakout Stocks: How to trade CE Info Systems, RCF and FACT on Friday
The Indian stock market closed higher on Thursday supported by positive global cues. The S&P BSE Sensex closed in the green for the sixth day in a row. The S&P BSE Sensex rose over 140 points while Nifty50 closed above 23,550.
Morgan Stanley playing India's infra boom with these 4 stocks
Morgan Stanley expects a 15.3% CAGR in India's infrastructure investments, leading to $1.45 trillion spending over 5 years. They highlight the impact of PM Gati Shakti on project execution and efficiency improvements.
Goldman Sachs initiates coverage on MapmyIndia, shares jump over 17%
CE Info Systems shares surged 17.6% to Rs 2,354.60 on BSE as Goldman Sachs initiated coverage with a target price of Rs 2,800.
Bengaluru Metro's Yellow line gets a boost: Titagarh rail systems to deliver first trainset in August
Titagarh Rail Systems Limited has started producing trainsets for the Bangalore Metro Rail Corporation Limited's Phase 2 Yellow Line project, a contract with China Railway Rolling Stock Corporation. The first trainset is scheduled for delivery in August 2024. The contract, initially signed in December 2019, faced delays and CRRC sought additional time for delivery.
Suzlon Energy, PB Fintech, NHPC among 19 midcap additions by mutual funds in May
Top mutual funds like SBI Mutual Fund, Axis MF, Nippon India MF bought 19 midcap stocks, including Suzlon Energy, NHPC, and PB Fintech, the parent of online insurance aggregator Policybazaar.
IT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector!
Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.
Tech Mahindra, Vedanta among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Monday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
IT stocks gain up to 5% led by Wipro, Infosys. Is it ECB impact or something else?
IT stocks contributed to Friday’s massive surge in Nifty. Though Infosys was the top contributor, Wipro held the top spot in terms of percentage gains.
Wipro, Ramco Cements among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
F&O stocks: Persistent Systems, HDFC AMC among 5 stocks with short buildup
Open interest indicates bullish dominance on counters with fresh short positions. Short selling occurs when traders expect price drops, selling stocks without owning them. Alkem, Ipca Labs, Muthoot Finance, HDFC AMC, and Persistent Systems experienced stock price declines with open interest rises.
Buy Persistent Systems, target price Rs 4350: Axis Securities
Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023.
F&O stocks: TCS, Infosys among 5 stocks with short buildup
In Friday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.
Infosys, Bank of Baroda among 5 stocks with short buildup
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Navin Fluorine, Persistent Systems among 5 stocks with top short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:
Rising share of new business to drive growth at Persistent
Persistent’s fourth quarter numbers were a mixed bag. While revenue growth met the analysts’ expectations, the margin performance was below estimates. Revenue grew by 3.4% sequentially to $ 310.9 million for the quarter.
Buy Persistent Systems, target price Rs 4350: Axis Securities
Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023.
Persistent Systems shares fall over 5% post Q4 results
Persistent Systems shares dropped 5% despite a 25.4% net profit rise to Rs 315.3 crore YoY. Q4 revenue was Rs 2,590 crore, up 14.9% YoY. TCV decreased to $447.7 million.
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