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Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5158.7, up 2.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 24216.7. The Sensex is at 77693.16, up 0.16%. Persistent Systems Ltd has gained around 5.48% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 4.12% in last one month and is currently quoting at 28010.35, up 4.34% on the day. The volume in the stock stood at 5.39 lakh shares today, compared to the daily average of 11.42 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 5158.9, up 1.85% on the day. Persistent Systems Ltd is down 7.96% in last one year as compared to a 3.45% slide in NIFTY and a 21.59% slide in the Nifty IT index.
The PE of the stock is 46.9 based on TTM earnings ending March 26.
Persistent Systems Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 4694.2, up 0.25% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 24444.3. The Sensex is at 78329.41, up 0.73%. Persistent Systems Ltd has dropped around 7.32% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 5.02% in last one month and is currently quoting at 27439.4, down 0.82% on the day. The volume in the stock stood at 4.6 lakh shares today, compared to the daily average of 10.36 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 4681.2, down 0.03% on the day. Persistent Systems Ltd is down 19.63% in last one year as compared to a 3.99% drop in NIFTY and a 29.98% drop in the Nifty IT index.
The PE of the stock is 43.42 based on TTM earnings ending March 26.
Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 4560, up 5.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.52% on the day, quoting at 24129.55. The Sensex is at 77320.29, up 0.52%. Persistent Systems Ltd has dropped around 10.54% in last one month.
Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 8.36% in last one month and is currently quoting at 25769.8, up 4.49% on the day. The volume in the stock stood at 13.82 lakh shares today, compared to the daily average of 8.92 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 4546, up 5.46% on the day. Persistent Systems Ltd is down 23.37% in last one year as compared to a 5.02% fall in NIFTY and a 30.7% fall in the Nifty IT index.
The PE of the stock is 40.15 based on TTM earnings ending March 26.
Persistent has signed an agreement to combine with Munich-headquartered Nagarro and has acquired an approximately 21% stake in the company. It has also launched a voluntary public takeover offer for the remaining shares, subject to regulatory approvals and shareholder acceptance.
According to the investor FAQ released by the company, the combined entity would become the world's second-largest digital engineering company by revenue and India's seventh-largest technology services company, with an annualised revenue run rate of more than $2.9 billion. The combined group would employ more than 46,000 people and serve over 350 marquee clients globally.
Persistent said the transaction is expected to be earnings per share (EPS) accretive. On an illustrative pro-forma trailing 12-month basis, the combined business would generate revenue of $2.795 billion, EBITDA of $463 million, EBIT of $337 million and profit after tax of $215 million. Pro-forma EPS is estimated at $1.36 (Rs 127), compared with $1.30 (Rs 121) for Persistent on a standalone basis. The company stressed that these figures are illustrative and not management guidance.
The company said Nagarro is a highly complementary business that strengthens Persistent's presence in Europe while adding complementary industry verticals, AI expertise, and ERP and customer experience capabilities. It said the combination would create a global AI-led digital engineering company and achieve a scale that would have taken years to build organically.
Persistent said the all-cash offer values Nagarro at EUR 81 per share, representing a premium of about 140% to Nagarro's undisturbed closing price on 25 June 2026 and about 94% to its three-month volume-weighted average price.
Nagarro's management board and supervisory board have backed the transaction and intend to recommend that shareholders accept the offer. Persistent has already secured an approximately 21% stake through a binding agreement with Nagarro's largest shareholder.
The acquisition is expected to close by Q4 CY26 or Q1 CY27, subject to German and Indian regulatory approvals and the acceptance of the offer by shareholders holding at least 50% plus one share of all outstanding Nagarro shares. Until then, Persistent and Nagarro will continue to operate as independent companies.
Persistent Systems is a global services and solutions company delivering AI-led, platform-driven digital engineering and enterprise modernization to businesses across industries.
Persistent Systems reported a 20.43% sequential increase in consolidated net profit to Rs 529.26 crore in Q4 FY26, compared with Rs 439.45 crore in Q3 FY26. Revenue from operations increased 7.35% quarter-on-quarter to Rs 4,055.94 crore for the quarter ended 31 March 2026.
On a year-on-year basis, the company’s net profit rose 33.73%, while revenue grew 25.10% in Q4 FY26.
Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026.
Netweb Technologies India Ltd tumbled 10.66% to Rs 4417 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.36 lakh shares were traded on the counter so far as against the average daily volumes of 1.88 lakh shares in the past one month.
Persistent Systems Ltd crashed 10.16% to Rs 4348.75. The stock was the second biggest loser in 'A' group.On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 52057 shares in the past one month.
Astral Ltd lost 8.23% to Rs 1364. The stock was the third biggest loser in 'A' group.On the BSE, 1.46 lakh shares were traded on the counter so far as against the average daily volumes of 29362 shares in the past one month.
Supreme Industries Ltd plummeted 6.80% to Rs 3191. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.41 lakh shares were traded on the counter so far as against the average daily volumes of 25216 shares in the past one month.
Alkyl Amines Chemicals Ltd slipped 6.51% to Rs 1672.15. The stock was the fifth biggest loser in 'A' group.On the BSE, 3880 shares were traded on the counter so far as against the average daily volumes of 12576 shares in the past one month.
The board of Persistent Systems at its meeting held on 26 -27 June 2026 has approved the following:
- The establishment of Galaxy Germany Holding SE as a wholly owned subsidiary of the company, by way of acquiring its 100% stake through the local consultant in Germany. The entity currently has no operational business and is acquired to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region.
- The acquisition of the shareholding of Nagarro SE, a listed entity in Germany (target company) from its largest shareholder namely Lantano Beteiligungen GmbH, a German entity (represented by Carl-Georg Dürschmidt).
In line with this objective and as mentioned above, the company has acquired Galaxy Germany Holding SE, as its wholly owned subsidiary in Germany, on 26 June 2026, to serve as a strategic vehicle for pursuing potential M&A opportunities in the European region.
Subsequently, Galaxy Germany Holding SE has entered into a share Purchase Agreement with Lantano Beteiligungen GmbH on 26 June 2026 for the acquisition of 21% shareholding (excluding treasury shares) of Nagarro SE, a listed entity in Germany (target company/ Nagarro) subject to the satisfaction of customary closing conditions and requisite regulatory approvals.
Nagarro is a Munich-headquartered leader in digital engineering with ~18,500 employees across 40+ countries, deep roots in industrial, consumer, TMT and BFSI verticals and a total revenue of EUR 1 billion (CY25).
Persistent – Nagarro Group forms a perfect strategic fit, combining Persistent's AI-led engineering leadership, North American scale and partnership depth with Nagarro's European business, complementary verticals, AI expertise, and ERP and CX delivery, to create a ~USD 2.9 billion AI-led engineering powerhouse with 46,000+ employees across 40+ countries.
- The board also approved providing the corporate guarantee up to EUR 1,540,000,000 to Barclays Bank PLC in favour of Galaxy Germany Holding SE, a wholly owned subsidiary of the Company to secure the bridge financing facility. The bridge financing is proposed to be utilised by Galaxy Germany Holding SE to settle the applications to be received in the voluntary public takeover offer and for the separate sale and purchase of 21% shares (excluding treasury shares) of the target company from Lantano Beteiligungen GmbH and potentially support the target company with refinancing its debt, and other transaction-related requirements and expenses.
Innovana Thinklabs Ltd fell 3.77% today to trade at Rs 320.4. The BSE Information Technology index is down 1.61% to quote at 27109.5. The index is down 1.37 % over last one month. Among the other constituents of the index, Nucleus Software Exports Ltd decreased 3.51% and Persistent Systems Ltd lost 3.34% on the day. The BSE Information Technology index went down 29.16 % over last one year compared to the 10.78% fall in benchmark SENSEX.
Innovana Thinklabs Ltd has lost 14.95% over last one month compared to 1.37% fall in BSE Information Technology index and 1.27% drop in the SENSEX. On the BSE, 40 shares were traded in the counter so far compared with average daily volumes of 2726 shares in the past one month. The stock hit a record high of Rs 648 on 11 Jul 2025. The stock hit a 52-week low of Rs 295 on 09 Jun 2026.