5 stories mentioning BOM:533179Updated 41d ago
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Persistent Systems (NSE:PERSISTENT, BOM:533179) has an average rating of hold and mean price target of 5,239.80 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Technology company Persistent Systems (NSE:PERSISTENT, BOM:533179) has received board approval to merge with its wholly-owned subsidiary MediaAgility India as part of an internal restructuring plan, according to a Monday filing to the Indian stock exchanges.The merger is aimed at achieving entity rationalization and operational efficiency within the group. It is subject to the receipt of necessary statutory approvals.As of March 31, MediaAgility India had a paid-up capital of around 3.2 million equity shares of 10 rupees each with a turnover of 365.6 million rupees.
Persistent Systems (NSE:PERSISTENT, BOM:533179) signed a memorandum of understanding with the Indian Institute of Technology Kharagpur to establish an artificial intelligence lab, according to a Tuesday filing to the Indian stock exchanges.The proposed lab aims to advance AI research, deepen collaboration between industry and academia, and develop skilled talent.The facility will have advanced computational, laboratory, and instructional capabilities to strengthen research and applied development, the filing said.The company's shares were up over 1% in recent trade.
Persistent Systems (NSE:PERSISTENT, BOM:533179) has an average rating of overweight and mean price target of 5,769.06 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Persistent Systems (NSE:PERSISTENT, BOM:533179) said its consolidated net profit rose to 5.29 billion Indian rupees in the fiscal fourth quarter from 3.96 billion rupees a year ago, according to a Tuesday filing with the Indian bourses.Earnings per share in the quarter ended March 31 climbed to 33.55 rupees from 25.39 rupees a year earlier.Revenue from operations of the digital engineering company rose year on year to 40.6 billion rupees from 32.4 billion rupees, the filing said.The company's board declared a final dividend of 18 rupees per share for the fiscal year ended March 31.
