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Published 13 days ago

Persistent Systems Shares Tumble Despite Inline Q4 Profit

Summary by NDTV Profit

Shares of Persistent Systems fell over 7% to their lowest in over three months on Monday, even as it reported an inline fourth-quarter net profit. A brokerage note after the results said the stock was trading at a higher valuation than its peers.The company's net profit rose 10.20% to Rs 315.32 crore in the quarter ended March 2024, according to an exchange filing. A Bloomberg poll of analysts estimates the net profit at Rs 303 crore.Persistent …

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Persistent Systems Shares Tumble Despite Inline Q4 Profit

Shares of Persistent Systems fell over 7% to their lowest in over three months on Monday, even as it reported an inline fourth-quarter net profit. A brokerage note after the results said the stock was trading at a higher valuation than its peers.The company's net profit rose 10.20% to Rs 315.32 crore in the quarter ended March 2024, according to an exchange filing. A Bloomberg poll of analysts estimates the net profit at Rs 303 crore.Persistent …

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