Persistent Systems Share Price

The key highlights of the company's financial performance for the Q1, FY 2018-19, ended 30 June 2018 are as follows:

1. The company's profit after tax (PAT) recorded an increase of 16.3% YoY (year-on-year) and stood at Rs.87.34 crore.
2. The revenue was up by 14.6% YoY and stood at Rs.834.2 crore.
3. The EBITDA (Earnings before interest, taxes, depreciation, and amortization) stood at Rs.140 crore and jumped 34.2% YoY.
4. The profit before tax (PBT) stood at Rs.118.6 crore and was up by 16.4%.
5. In this quarter, the company launched the Hardware Edition of the Smart India Hackathon 2018.
6. Persistent Systems acquired healthcare startup Herald Health in order to strengthen its IP Portfolio.
7. In August, California-based Three Phase Electric teamed up with Persistent Systems to develop IoT (Internet of Things) solutions to improve utility management across residential communities.

FY 2017-18

The key highlights of the company's financial performance for the full FY 2017-18, ended 31 March 2018 are as follows:

1. The company recorded an increase of 7.2% YoY in the PAT which stood at Rs.3,230.88 million
2. The revenue jumped 9.7% and stood at Rs.470.55 million.
3. The EBITDA increased marginally by 3.3% and stood at Rs.4,687.20 million.
4. The PBT stood at Rs.4,292.61 million, up 7.1%.
5. The company board recommended final dividend of Rs.3.00 per share on the face value of Rs.10.00 each. In January 2018, the Board declared an interim dividend of INR 7.00 per share.

Persistent Systems Private Ltd. Stock Trends in 2018

1. The opening price of Persistent Systems stock at the beginning of January 2018 was Rs.720 on the NSE. The scrip increased gradually throughout the month and reached Rs.800. In February, the stock was a bit slow in the first half of the month, however, it picked up the pace in the latter half. By the end of February, the price of the stock stood at Rs.866. In the month of March, the scrip fell by around 135 points and reached Rs.720. The scrip fell further and reached Rs.664 by mid April, however, it increased towards the end of the month and stood at Rs.780.
2. In May, the stock price was not stable and fluctuated for most part of the month. It ended the month at Rs.836. The scrip decreased marginally in the month of June and stood at Rs.786 by the end. The price of the stock in July increased by around 35 points and ended the month at Rs.865. In the month of August, the scrip was stable and jumped up a few points.
3. The stock price increased in September and reached Rs.895, however, it fell towards the end of the month by around 51 points. The scrip continued to fall further in October as well. The opening price of the stock on 17 October stood at Rs.699.

Persistent Systems Private Ltd. Stock Trends in 2016 and 2017

1. The opening price of the stock at the beginning of January 2016 was Rs.643 on NSE. The scrip changed marginally throughout the month. It decreased in the month of February by 35 points and reached at Rs.629. The scrip picked up the pace in March by around 135 points and ended the month at Rs.755. In the month of April, the price of the stock decreased marginally and reached Rs.744.
2. The scrip fell further till Rs.715 by mid-May and continued to in the month of June as well. By the end of June, the price of the stock 705. The scrip decreased even further in July and ended the month at Rs.695. In August, the stock price fell by around 50 points and stood at Rs.623 by the end of the month.
3. The price of the stock in September decreased and reached Rs.602 however, it picked up the pace in October and stood at Rs.656 by the end of the month. The stock price decreased by around 50 points in November and ended the month at Rs.607. In the month of December, the scrip increased marginally and stood at Rs.629 by the end of the month.
4. The opening price of the stock at the beginning of January 2017 was Rs.617. It decreased throughout the month and reached Rs.605. The price of the stock in the month of February, gained strength and increased by around 28 points to reach Rs.627. In March, the stock price decreased by around 50 points and ended the month at Rs.600. The scrip fell further in April and reached Rs.594.
5. In the month of May, the price of the stock was stable and did not change much. The scrip increased in June and reached Rs.683. It fell in July by around 45 points and ended the month at Rs.650. In the month of August, the stock price changed marginally.
6. The scrip gradually increased in September and ended the month at Rs.650. In the month of October and November, the stock price decreased marginally. The scrip picked up the pace in the month of December by around 50 points. By the end of the month, the scrip stood at Rs.706.

Should you invest in Persistent Systems Private Ltd.?

1. Persistent Systems had a strong Q1 FY 2018-19 and performed well in FY 2017-18. The company has ventured into new partnerships and is getting new projects which suggest a strong potential in the future.
2. The company stock has been stable and has increased gradually in the past two years. You could invest in Persistent Systems stock for a long-term basis. However, it is strongly advised to do thorough research on the stock before investing your hard-earned money in the stock market as it is volatile in nature.

Company Information

Persistent system develops software for industries such as banking, financial and insurance as well as healthcare and life science. Based in Pune, the company works on technologies such as artificial intelligence (AI), machine learning, cloud services, Internet of Things, identity, access and securities. The company's partner ecosystem includes companies like IBM, Google Cloud Platform, Salesforce, Amazon Web Services, Microsoft, and others.

Management of the Company

Dr. Anand Deshpande - Founder, Chairman and Managing Director

Dr. Anand Deshpande is the Founder, Chairman and Managing Director of Persistent Systems since its inception in 1990. His role includes looking after the overall leadership, strategy and management of the company. Before Persistent Systems, Anand was working at Hewlett-Packard Laboratories as Member of Technical Staff. Anand has B Tech in Computer Science and Engineering from the Indian Institute of Technology (IIT), Kharagpur. He also completed his M.S. and Ph.D. in Computer Science from Indiana University, USA.

Listings in NSE, BSE, and Indices

The stocks of Persistent Systems Ltd. are available for trading on the two major stock exchanges of India - The National Stock Exchange Limited (NSE) and Bombay Stock Exchange (BSE).

1. BSE: 533179
2. NSE: PERSISTENTEQ
3. ISIN: INE262H01013
4. Sector: Information Technology

The company forms a part of important indices like:

1. Nifty 500
2. Nifty Full Smallcap 100
3. Nifty MidSmallcap 400
4. Nifty Smallcap 100
5. Nifty Smallcap 250
6. S&P BSE 250 SmallCap Index
7. S&P BSE 400 MidSmallCap Index
8. S&P BSE 500
9. S&P BSE AllCap
10. S&P BSE Information Technology
11. S&P BSE MidSmallCap
12. S&P BSE SmallCap
13. S&P BSE SmallCap Select Index

Corporate Office

Bhageerath,

402 Senapati Bapat Road,

Pune 411 016

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.