{"id":117825,"date":"2024-01-23T14:31:57","date_gmt":"2024-01-23T09:01:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117825"},"modified":"2024-01-23T15:04:58","modified_gmt":"2024-01-23T09:34:58","slug":"large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits\/","title":{"rendered":"Large cap stock jumps up to 10% after it reports 20% YoY\u00a0 increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3546018291\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday\u2019s early trade, the shares increased to an intraday high of 10 percent to a 52-week high price of \u20b98,716.65 apiece after the company reported strong quarterly results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1642435963\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:45 p.m., Persistent Systems Ltd shares were quoted at \u20b98,313 apiece, up 4.91 percent from the previous close price on the exchange. The company has a market capitalization of \u20b963,494 crores.&nbsp;<\/p><p>Persistent Systems Ltd reported an increase of net profit of 20 percent year on year from \u20b9238 crore in Q3FY23 to \u20b9286 crore in Q3FY24, Similarly, during the same time frame, revenue also increased by 15 percent from \u20b92,169 crore to \u20b92,498 crore.&nbsp;<\/p><p>In comparison to the previous quarter, operational revenue has increased by 3.5 percent from \u20b92,412 crores in Q2FY24 to \u20b92,498 crores in Q3FY24, Further net profit increased by 7.5 percent from \u20b9263 crore to \u20b9283 crores. The company reported in its exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1369155539\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Further, the company board has declared a stock split in the ratio of 1:2 i.e., existing 1 (one) Equity Share having a face value of \u20b910\/- each, into 2 EquityShares having a face value of \u20b9 5 each, fully paid-up. Also, the board has recommended an interim dividend payout of Rs 32 a share for the current financial year.&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold 31.06 percent of the company, Foreign institutional investors hold 24.55 percent and retail investors hold a 16.91 percent stake.&nbsp;<\/p><p>Persistent Systems shares have gained 74 percent in the last six months and 81 percent in a year.&nbsp;<\/p><p>The company received 79.7% revenue from North America, followed by 8.9% from revenue, and 10% revenue from India. The company\u2019s revenue cagr has grown by 27.3% from FY20 and FY23.&nbsp;<\/p><p>Persistent Systems provides software engineering and strategy services to help companies implement and modernize their businesses. It has its software and frameworks with pre-built integration and acceleration.&nbsp;<\/p><p>Persistent has been named a Leader in the Everest Group Data and Analytics (D&amp;A) Services for Mid-Market Enterprises PEAK Matrix Assessment 2023.<\/p><div class=\"trade-content-10\" id=\"trade-1033564542\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-453038949\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday\u2019s early trade, the shares increased to an intraday high of 10 percent to a 52-week high price of \u20b98,716.65 apiece after the company reported strong quarterly results.&nbsp; At 1:45 p.m., Persistent Systems Ltd shares were quoted at \u20b98,313 apiece, up 4.91 percent from the previous close price on the exchange. The company has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap stock jumps up to 10% after it reports 20% YoY\u00a0 increase in net profits - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Tuesday\u2019s early trade, the shares increased to an intraday high of 10 percent to a 52-week high price of \u20b98,716.65 apiece after the company reported strong quarterly results.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap stock jumps up to 10% after it reports 20% YoY\u00a0 increase in net profits\" \/>\n<meta property=\"og:description\" content=\"On Tuesday\u2019s early trade, the shares increased to an intraday high of 10 percent to a 52-week high price of \u20b98,716.65 apiece after the company reported strong quarterly results.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-23T09:01:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-23T09:34:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-SECTOR-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits\/\",\"url\":\"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-it-reports-20-yoy-increase-in-net-profits\/\",\"name\":\"Large cap stock jumps up to 10% after it reports 20% YoY\u00a0 increase in net profits - 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