PERSISTENT SYSTEMS LTD.
NSE : PERSISTENTBSE : 533179ISIN
CODE : INE262H01021Industry : IT - SoftwareHouse
: Persistent Systems
BSE3370.05-3.1 (-0.09 % )
PREV CLOSE (Rs.) 3373.15
OPEN PRICE (Rs.) 3365.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 10519
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE3368.60 -5.2 (-0.15 % )
PREV CLOSE(Rs.) 3373.80
OPEN PRICE (Rs.) 3341.00
BID PRICE (QTY) 3368.60 (8 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 595315
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 29-Apr-2024 | Clarification On The Intimation Bearing Ref. No. NSE & BSE / 2024-25 / 026 Dated April 28, 2024 | The clarification on the intimation bearing ref.no. NSE & BSE/ 2024-25/ 026 dated April 28, 2024, is as enclosed |
| 22-Apr-2024 | Persistent Systems reports 25% rise in Q4 consolidated net profit | <p style="text-align: justify;">Persistent Systems has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported fall of 28.81% in its net profit at Rs 183.96 crore for the quarter under review as compared to Rs 258.40 crore for the same quarter in the previous year. However, total income of the company increased by 11.48% at Rs 1666.08 crore for Q4FY24 as compared Rs 1494.56 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported rise of 25.37% in its net profit at Rs 315.32 crore for fourth quarter ended March 31, 2024 as compared to Rs 251.51 crore for the same quarter in the previous year. Total income of the company increased by 15.82% at Rs 2621.31 crore for Q4FY24 as compared Rs 2263.30 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 24.59% rise in its net profit at Rs 985.67 crore as compared to Rs 791.13 crore for the previous year. Total income of the company increased by 28.65% at Rs 6678.70 crore for year under review as compared to Rs 5191.42 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 18.72% rise in its net profit at Rs 1093.49 crore as compared to Rs 921.09 crore for the previous year. Total income of the company increased by 18.15% at Rs 9949.61 crore for year under review as compared to Rs 8421.21 crore for year ended March 31, 2023.</p> |
| 26-Mar-2024 | ISIN Change | Notice No. 20240326-35 Notice Date 26 Mar 2024Category Corporate Actions Segment EquitySubject New ISIN Number of PERSISTENT SYSTEMS LTD. (Scrip Code: 533179) ContentIn Continuation of Notice No. 20240321-43 dated March 21,2024, Trading Members of the Exchange are hereby informed that the New ISIN number for the Sub-Divided Equity Shares of the Company will be as under: -Company Name & Scrip CodeNew ISIN No.RemarksPERSISTENT SYSTEMS LTD.(533179)INE262H01021Sub-division of Equity Shares from Rs.10/- to Rs.5/- The new ISIN number given above, for Equity Shares of Rs.5/- each of the Company shall be effective for trades done on and from the Ex-Date i.e. 28-03-2024 (DR- 601/2024-2025) |
| 20-Mar-2024 | Persistent Systems to acquire 100% shareholding in Persistent Systems UK | <p style="text-align: justify;">Persistent Systems has executed Share Purchase Agreement (SPA). As per SPA, the 100% shareholding of Persistent Systems UK (stepdown subsidiary) will be transferred from Aepona Group, Ireland (stepdown subsidiary) to Persistent Systems. </p><p style="text-align: justify;">To achieve entity rationalization and operational efficiency within the group by way of transfer of 100% shareholding of Persistent Systems UK to the Company resulting into its Wholly Owned Subsidiary.</p><p style="text-align: justify;">Persistent Systems is a global company specializing in software product and technology services.</p> |
| 07-Mar-2024 | Persistent Systems launches SASVA Platform | <p style="text-align: justify;">Persistent Systems has launched SASVA, a pioneering manageable and secure enterprise AI platform leveraging Large Language Models (LLMs) and Machine Learning (ML) to accelerate software releases, with faster time-to-market, and improved efficiency. SASVA is derived from the Sanskrit word Shashvatah, meaning timelessness, ensuring continual improvement across the ever-changing software landscape. SASVA will be embedded into software engineering to efficiently address distinct use cases by preventing technical debt in new development, minimizing accumulated technical debt in mid- to late-stage software, and addressing complex scenarios in software sustenance and specialized industries with enterprise scale.</p><p style="text-align: justify;">SASVA adopts a distinctive method by constructing a comprehensive knowledge base from vast datasets, including millions of code repositories and documents. Hybrid language models enable efficient utilization, with continual secure training on customer data sourced from various platforms like version control, ticketing systems, project management tools, and collaboration platforms. This rigorous process enhances privacy, security, and regulatory compliance, especially for sensitive data. SASVA streamlines the creation of project plans and generates contextual code modifications for seamless review.</p><p style="text-align: justify;">Persistent Systems is a global company specializing in software product and technology services.</p><div style="text-align: justify;"><br></div> |
| 09-Feb-2024 | Persistent Systems edges higher on launching Population Health Management solution | <p style="text-align: justify;">Persistent Systems is currently trading at Rs. 8641.00, up by 3.30 points or 0.04% from its previous closing of Rs. 8637.70 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 8670.00 and has touched a high and low of Rs. 8700.00 and Rs. 8567.75 respectively. So far 7190 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8828.60 on 30-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 8720.00 and Rs. 8429.45 respectively. The current market cap of the company is Rs. 66334.35 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 50.69% and 18.25% respectively.</p><p style="text-align: justify;">Persistent Systems has launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft. Aligned with value-based care models, the Solution identifies Social Determinants of Health (SDoH) to determine patients' nonclinical needs and better predict the cost of care driven by clinical conditions. It helps patients receive quality care at the right time and in the right place, while optimizing capacity and cost effectiveness for healthcare providers and organizations. </p><p style="text-align: justify;">Predictive risk modeling is a critical tool to identify patients who will require significant medical assistance, as a relatively small proportion of the population accounts for the majority of healthcare spending. Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, the company's PHM Solution identifies SDoH based on Electronic Health Records (EHR) data. Since up to 80% of key patient information within an EHR is in the form of unstructured clinical notes, the company's Solution accurately extracts this information, unlike PHM solutions in the market, which are solely dependent on third-party data sources or survey data. This innovative method, compared to existing natural language processing-based approaches, is intended to improve patient outcomes through more timely and intelligent care recommendations, and provides higher accuracy, improved scale and increased compliance.</p><p style="text-align: justify;">Persistent Systems is a global company specializing in software product and technology services.</p><div style="text-align: justify;"><br></div> |
| 08-Feb-2024 | Persistent Systems launches Population Health Management solution | <p style="text-align: justify;">Persistent Systems has launched an innovative Generative AI-powered Population Health Management (PHM) Solution in collaboration with Microsoft. Aligned with value-based care models, the Solution identifies Social Determinants of Health (SDoH) to determine patients' nonclinical needs and better predict the cost of care driven by clinical conditions. It helps patients receive quality care at the right time and in the right place, while optimizing capacity and cost effectiveness for healthcare providers and organizations. </p><p style="text-align: justify;">Predictive risk modeling is a critical tool to identify patients who will require significant medical assistance, as a relatively small proportion of the population accounts for the majority of healthcare spending. Leveraging Microsoft Azure OpenAI Service and Dynamics 365 Customer Insights, the company's PHM Solution identifies SDoH based on Electronic Health Records (EHR) data. Since up to 80% of key patient information within an EHR is in the form of unstructured clinical notes, the company's Solution accurately extracts this information, unlike PHM solutions in the market, which are solely dependent on third-party data sources or survey data. This innovative method, compared to existing natural language processing-based approaches, is intended to improve patient outcomes through more timely and intelligent care recommendations, and provides higher accuracy, improved scale and increased compliance.</p><p style="text-align: justify;">Persistent Systems is a global company specializing in software product and technology services.</p> |
| 01-Feb-2024 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and all other applicable provisions, if any we wish to inform you that in continuation to the Board'' approval for issuance of 1,000,000 (One Million only) Equity Shares of INR 10 each to the PSPL ESOP Management Trust (''ESOP Trust'') in multiple tranches, the Stakeholders Relationship and ESG Committee has inter-alia approved the first tranche of allotment of 100,000 (One Hundred Thousand only) Equity Shares of INR 10 each at the allotment price of INR 2,133 per Equity Share, aggregating to the total consideration of INR 213.3M to the ESOP Trust on February 1, 2024. |
| 23-Jan-2024 | Elecon Engineering Company, Tata Motors and ICICI Bank to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Elecon Engineering Company </span>has received a Letter of Intent (LoI) for awarding a contract of Rs 82.78 crore (excluding GST) from Arcelormittal Nippon Steel India, Gujarat, for Manufacturing and supply of Belt Conveyor Mechanical Equipment and Technological Structure for MH SYSTEM COBP#1&2BF#1at its Hazira Plant, Surat, Gujarat. The order is to be executed within around 10 months.</p><p style="text-align: justify;"><span style="font-weight: bold;">Tata Motors </span>is all set to increase prices by 0.7% (on average) across its passenger vehicles portfolio, including EVs. This increase will be effective February 1, 2024 and is being taken to partially offset the rise in input costs.</p><p style="text-align: justify;"><span style="font-weight: bold;">ICICI Bank</span> has reported results for third quarter ended December 31, 2023 (Q3FY24). The bank has reported 23.58% rise in net profit at Rs 10271.54 crore for the quarter ended December 31, 2023 as compared to Rs 8311.85 crore for the same quarter in the previous year. Total income of the bank increased by 27.62% at Rs 42,791.64 crore for Q3FY24 as compared Rs 33,529.26 crore for corresponding quarter of the previous year. On consolidated basis, the bank reported 25.71% rise in its net profit at Rs 11,052.60 crore for Q3FY24 as compared to Rs 8,792.42 crore for the same quarter in the previous year. Total income of the bank increased by 24.28% at Rs 59,479.76 crore for Q3FY24 as compared Rs 47,859.50 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Reliance Industries</span> has planned to commission a new energy giga complex in Gujarat in the second half of 2024. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage and power electronics.</p><p style="text-align: justify;"><span style="font-weight: bold;">Tantia Constructions</span> has received an order amounting to Rs 7.39 crore from Government of Tripura, Office of the Executive Engineer, PWD (R&B), Kailashahar Division, Kailashahar, Unakoli, Tripura against a contract work for ‘Construction of 07 nos residential quarters for Judicial Officers at various grade (Grade 111-4 Nos (Two Block-4 units- Double storied) Grade 11-3 nos (One block-3- Double storied)) at Kailashahar, Unakoti Dictrict, Tripura / SH Building portion including internal water supply, sanitary installation, sewage, Drainage works, underground tank, Boundary wall and Internal Electrification works' received by the Company on January 22, 2024. </p><p style="text-align: justify;"><span style="font-weight: bold;">Persistent Systems</span> has reported results for third quarter ended December 31, 2023 (Q3FY24). The company has reported 42.15% rise in net profit at Rs 259.77 crore for the quarter ended December 31, 2023 as compared to Rs 182.75 crore for the same quarter in the previous year. Total income of the company increased by 27.97% at Rs 1709.04 crore for Q3FY24 as compared Rs 1335.53 crore for corresponding quarter of the previous year. On consolidated basis, the company reported 20.25% rise in its net profit at Rs 286.13 crore for Q3FY24 as compared to Rs 237.95 crore for the same quarter in the previous year. Total income of the company increased by 15.19% at Rs 2536.53 crore for Q3FY24 as compared Rs 2202.13 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Dodla Dairy</span>'s wholly owned subsidiary -- Country Delight Dairy has commenced new manufacturing of Dairy plant at Boiman Road, Nyahururu Town, Laikipia County, Kenya and the capacity of the new plant is 1,00,000 liters per day. </p> |
| 23-Jan-2024 | Persistent Systems zooms on reporting 20% rise in Q3 consolidated net profit | <p style="text-align: justify;">Persistent Systems is currently trading at Rs. 8653.60, up by 729.35 points or 9.20% from its previous closing of Rs. 7924.25 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 8101.15 and has touched a high and low of Rs. 8679.05 and Rs. 8101.15 respectively. So far 21060 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8716.65 on 23-Jan-2024 and a 52 week low of Rs. 3959.25 on 17-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 8716.65 and Rs. 7532.40 respectively. The current market cap of the company is Rs. 60957.29 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 50.69% and 18.25% respectively.</p><p style="text-align: justify;">Persistent Systems has reported results for third quarter ended December 31, 2023 (Q3FY24). </p><p style="text-align: justify;">The company has reported 42.15% rise in net profit at Rs 259.77 crore for the quarter ended December 31, 2023 as compared to Rs 182.75 crore for the same quarter in the previous year. Total income of the company increased by 27.97% at Rs 1709.04 crore for Q3FY24 as compared Rs 1335.53 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the company reported 20.25% rise in its net profit at Rs 286.13 crore for Q3FY24 as compared to Rs 237.95 crore for the same quarter in the previous year. Total income of the company increased by 15.19% at Rs 2536.53 crore for Q3FY24 as compared Rs 2202.13 crore for corresponding quarter of the previous year. </p> |
