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Axis Securities has buy call on Persistent Systems with a target price of Rs 4350. The current market price of Persistent Systems is Rs 3535.95. Persistent Systems Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 27182.51 Crore) operating in IT Software sector. Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2023. Financials Promoter/FII Holdings (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2621.31 Crore, up 3.34 % from last quarter Total Income of Rs 2536.53 Crore and up 15.82 % from last year same quarter Total Income of Rs 2263.30 Crore. Company reported net profit after tax of Rs 315.32 Crore in latest quarter.
Promoters held 31.02 per cent stake in the company as of 31-Mar-2024, while FIIs owned 24.96 per cent, DIIs 25.87 per cent.
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