1:2 Stock Split, Rs 32/Share Dividend: IT Stock Sets Record Date For Split, Don't Miss KEY Date

Mid cap IT Software sector company Persistent Systems Ltd shares witnessed decline of 0.85% on BSE today. The company today fixed April 1, 2024 as the record date for stock split/sub-division for shares. The company approved sub-division of shares in the ratio of 1:2 on January 20, 2024.

Persistent Systems shares offered return of 76% in last 1-year and 356% in last 3-years. In last 1-month, Persistent Systems stock declined 6.46%. Check details below:

Persistent Systems Ltd Declares Record Date For Stock Split: As per the regulatory filing of Persistent Systems dated March 13, 2024, "Further to the above-referred intimation and pursuant to Regulations 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable provisions, if any, we wish to inform that the Company has fixed Monday, April 1, 2024 as the 'Record Date' for determining the entitlement of Equity Shareholders for the purpose of Sub-Division/Split of existing Equity Shares of the Company, such that existing 1 (One) Equity Share having a face value of INR 10 (Ten) each into 2 (Two) Equity Shares of INR 5 (Five) each, fully paid up, ranking pari passu in all respects."

Persistent Systems Shares Performance & Return: The last trading price of Persistent Systems share BSE is Rs 8979.85 apiece and 52-week low price is Rs 3959.25 apiece, respectively. The company has a market capitalisation of Rs 62,645.97 crore. Persistent Systems shares declined 2.83% in last 1-week, gave return of 40.80% in last 6-months, and soared 87% in last 2-years. In last 3-years, Persistent Systems stock soared 1138% and 1391% in last 10-years.

Persistent Systems Q3 Results: The company's net profit soared 8.7% quarter-on-quarter (QoQ). Its consolidated revenue for Q3 declared at Rs 2,498.2 crore, up 15.2% from the corresponding quarter of last year. On sequential basis, Persistent Systems declared a surge of 3.6% in its revenue. Meanwhile, EBIDTA margin or operating margin soared to 17.7% from 13.7% in the previous quarter.

Persistent Systems About: It is a leading Digital Engineering and Enterprise Modernization partner, combining deep technical expertise and industry experience to help its clients. Its offerings, proven solutions and innovative partner ecosystem create unique competitive advantage for its clients. It works with many industry leading organizations across 18 countries - including 14 of the 30 most innovative US companies, 80% of the largest banks in the US and India, and numerous innovators across the healthcare ecosystem. It is recognized across the industry as the market leaders from delivery and customer excellence, as rated by ISG (2020 and 2021 ISG Star of Excellence Awards), according to its official website.

Disclaimer: The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.