The Nifty IT index tumbled almost two percent in trade, dragged by midcap IT services players Persistent Systems Ltd and Coforge Ltd, on Thursday, July 24.At 10.15 a.m., the Nifty IT index was down two percent or 733 points at 36,218. All index constituents, barring Oracle Financial Services Software, were trading in the red.Constituents Persistent Systems and Coforge were trading at Rs 5,099 and ...

Shares of mid-cap IT player Persistent Systems Ltd tumbled seven percent in the early session on Thursday, July 24, after posting its earnings for the quarter ended June 30, 2025 which came in under expectations in an uncertain macro environment.Persistent Systems' revenue for the quarter grew 3.9 percent or 3.3 percent in constant currency terms to $389.7 million. The revenue growth was led by th...

The benchmark indices closed lower after a day of rally, with the Nifty 50 falling 0.4 percent amid geopolitical tensions on June 17. Market breadth was weak, as about 1,761 shares saw selling pressure compared to 828 advancing shares on the NSE. Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trad...

The benchmark indices extended their northward journey for the third straight session, rising 1 percent on June 6, after the RBI surprised the street with its move. Market breadth favoured the bulls, as about 1,459 shares advanced compared to 1,132 declining shares on the NSE. The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled o...

The shares of Persistent Systems jumped 3 percent on April 24 after the IT major announced its results for the fourth quarter of the financial year 2025. The shares of the company were trading at Rs 5,295 apiece in early trading hours.Persistent Systems reported a consolidated net profit of Rs 395.76 crore for the reported quarter. This marks a rise of nearly 25.5 percent from the Rs 315.32 crore ...