Ten IT stocks soared up to 25% after Q3 earnings; do you own any?

Following the strong Q3 performance, shares of Persistent Systems surged from ₹3,959 apiece to a new 52-week high of ₹4,939, generating a fabulous return of 25%. IT major Tata Consultancy Services (TCS), which kicked off the Q3 earnings season on January 09, rallied 7% to ₹3,558 apiece to date.

Persistent Systems up 25% so far this year – here's why it could be among the best IT bets

In its most recent research report, domestic brokerage house HDFC Securities maintained a positive outlook on the company. The brokerage said the company has doubled its revenue in the last three years and is well positioned to double revenue over the next four years.

Max Financial Services, Persistent Systems among 13 stocks that saw gains in 12-23% range in January

Max Financial Services topped the list with a return of 23.3% in January, moving from ₹677.50 to ₹835.65. The stock kicked off 2023 strongly, as it rallied nearly 14% in the first seven trading sessions and maintained the same trend towards the end of the month.

Persistent systems rises 5.4% post Q3 numbers; Stock hits 4-week high

stocks

Shares of Persistent Systems surged on Thursday after the company reported a 35.22% jump in its consolidated net profit for the December ending quarter. The board also declared an interim dividend of ₹28 per share for fiscal year 2022-2023 and announced a partnership with Microsoft to accelerate its growth. Over the last one year, the stock was down marginally by 2.86%, while in the last three-year period, the stock delivered a return of 492%.

Brokerages cheer Persistent Systems' MediaAgility acquisition; see up to 28% upside in the stock

With this acquisition, Persistent aims to launch its Google business unit to accelerate cloud-led digital transformation and cross-sale its vertical and industry solutions to Google Cloud marketplace.

Top Persistent Systems News

markets

Ten IT stocks soared up to 25% after Q3 earnings; do you own any?

markets

markets

markets