# Persistent Systems (PERSISTENT) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/persistent

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹6,053.5
- Change: -0.92%
- As of: 2026-11-06
- 1D return: -0.92%
- 5D return: +0.09%
- 1M return: +10.71%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, Persistent Systems (₹6,053.50) maintains a structural uptrend across daily, weekly, and monthly timeframes, trading above all key moving averages and the Supertrend indicator. However, trend conviction is currently weak on the daily chart, with an ADX of 16.82, suggesting indecision rather than strong directional momentum. This aligns with recent Doji formations on 2026-11-03 and 2026-11-04, which reflect market hesitation despite positive attention events over the last 30 days.

Price positioning is near the upper end of recent ranges (+75.1% in the 20-day range), leaving limited upside before resistance at ₹6,129.50 (pivot) and ₹6,130.38 (high). Immediate support sits tightly at ₹6,050.00, just 0.06% below the current price, with further buffers at ₹5,990.50 (-1.04%) and ₹5,911.00 (-2.35%). The stock has recovered from a maximum drawdown of -34.5%, though it remains down 6.0% since its start point and 3.6% year-to-date. Annualized volatility stands at +35.9%, indicating significant price swings. Confirmation of continued strength requires a decisive close above ₹6,130; failure to hold above ₹6,050 could signal a retest of lower supports.

- Trend Direction: Bullish structure intact across daily, weekly, and monthly charts with price above all major MAs and Supertrend, but daily trend strength is weak (ADX 16.82).
- Key Levels: Immediate resistance at ₹6,129.50–₹6,130.38; critical short-term support at ₹6,050.00, with secondary support at ₹5,990.50.
- Momentum & Positioning: Price is near the top of the 20-day (+75.1%) and 252-day (+76.8%) ranges; recent Doji candles indicate consolidation and buyer-seller equilibrium.
- Risk Profile: High volatility (+35.9% annualized) and tight proximity to support (0.06% below current price) increase sensitivity to downside moves.

- Doji
- Bullish Engulfing Reversal
- Morning Star

### News Context

Persistent Systems has completed the financing required for its acquisition of Germany-based Nagarro SE. On November 5, 2026, the company raised ₹7,600 crore through non-convertible debentures (NCDs) with tenures of two to five years at an 8.95% coupon, alongside a separate ₹600 crore one-year commercial paper issuance. This funding round attracted demand exceeding ₹15,000 crore from top mutual funds, NBFCs, and insurance companies, following a previous ₹4,264 crore qualified institutional placement. The deal is expected to close within days. Brokers Kotak Neo and HDFC Securities have highlighted the technology sector as a key growth driver for Samvat 2083, citing domestic demand and capital expenditure amid global uncertainty, though Persistent was not explicitly named in their specific stock picks.

- Completed Funding: Raised ₹7,600 crore via NCDs (8.95% coupon, 2-5 year tenure) and ₹600 crore via commercial paper to finalize Nagarro SE acquisition.
- Deal Timeline: Acquisition of Nagarro SE is expected to close within days following the completion of debt financing and prior QIP.
- Investor Demand: NCD issue saw demand exceeding ₹15,000 crore from major institutional investors including mutual funds and insurance companies.
- Sector Context: Brokerages identify technology as a growth sector for Samvat 2083 due to domestic capex, though specific firm recommendations focused on other sectors.

- [Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- [Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal](https://economictimes.indiatimes.com/markets/bonds/persistent-raises-rs-7600-crore-to-wrap-up-funding-for-nagarro-se-deal/articleshow/135555133.cms)
- [Brokerages favour domestic growth, capex-led stocks in Samvat 2083](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)

### What Changed

Persistent Systems materially changed its capital structure on November 5, 2026, by allotting INR 6 billion in Commercial Papers (CPs) to the public. These one-year instruments, maturing on November 5, 2027, were issued at a discount price of INR 459,770 against a face value of INR 500,000, yielding 8.75%. The listing on the National Stock Exchange with ISIN INE262H14016 introduces new short-term debt obligations and liquidity dynamics for the company.

Market pricing reflects a slight contraction from the previous observation; the share price stood at ₹6,053.50 on November 6, 2026, down from ₹6,109.50. This follows broader market commentary ahead of Diwali Muhurat Trading, where brokerages highlighted improved valuations across sectors, though Persistent Systems was not specifically cited among the recommended picks in recent retail investment reports.

- Corporate Action: Allotted 12,000 Commercial Papers totaling INR 6 billion on November 5, 2026, with an 8.75% yield and maturity on November 5, 2027.
- Price Movement: Share price declined to ₹6,053.50 on November 6, 2026, compared to the prior level of ₹6,109.50.
- Market Context: Recent brokerage notes cite improved valuations following market corrections, but Persistent Systems is not listed among specific buy recommendations for the upcoming trading session.

- [Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- [Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)

### Official Filings

Persistent Systems Limited executed a significant capital-raising campaign in late October and early November 2026, comprising both equity and debt instruments. On October 26, the company closed a Qualified Institutional Placement (QIP), allotting 7,683,981 shares to institutional investors at INR 5,550 per share, raising INR 42,646.09 million. This issuance increased the paid-up share capital from INR 790.75 million to INR 829.17 million. Subsequently, on November 4, the Special Committee approved a private placement of INR 70 billion in non-convertible debentures (NCDs) with an 8.95% coupon rate, maturing between 2028 and 2031. A further INR 6 billion was raised via Commercial Papers (CPs) allotted on November 5, carrying an 8.75% yield and a one-year tenure.

These developments materially alter the company's capital structure by introducing substantial long-term debt obligations alongside diluted equity ownership. The QIP price represented a 3.66% discount to the floor price, while the new debt instruments introduce fixed interest costs that will impact future cash flows. Shareholding patterns as of October 26, 2026, reflect these structural changes, though specific promoter percentages are not detailed in the provided filings.

- Equity Dilution: QIP closed on October 26, 2026, issuing 7,683,981 shares at INR 5,550 each, raising INR 42,646.09 million; paid-up capital rose to INR 829.17 million.
- Debt Issuance: Private placement of INR 70 billion in NCDs (Nov 4) with 8.95% coupons maturing 2028–2031, plus INR 6 billion in CPs (Nov 5) with 8.75% yield maturing Nov 2027.
- Capital Structure Shift: Introduction of significant debt obligations alongside equity dilution may affect leverage ratios and future interest coverage requirements.

- [Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on November 04, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150426_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding allotment of 700000 securities pursuant to Non Convertible Securities at its meeting held on November 04, 2026 |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150907_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261104_172516411.xml)
- [AS ON DATE : 26-Oct-2026 | PR_AND_PRGRP: 28.82 | PUBLIC_VAL: 70.43 | EMPTR: .75 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 29-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1749301_29102026073600_WEB.xml)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261027_225844826.xml)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on October 26, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026192958_PersistentSEOutcomeQIPissueclosingOct262026signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on October 26, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026232129_PersistentSEOutcomeAllotmentofsharesOct262026IIFLSigned.pdf)
- [Persistent Systems Limited has informed the Exchange regarding allotment of 7683981 securities pursuant to Qualified Institution Placement at its meeting held on October 26, 2026 |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026232529_PersistentSEOutcomeAllotmentofsharesOct262026IIFLSigned.pdf)
- [Persistent Systems Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20261024_195604050.xml)

### Fundamentals

Persistent Systems reported strong top-line momentum in Q2 FY2026-27, with revenue from operations rising to ₹4,663.90 crore, up from ₹4,303.23 crore in Q1. However, this growth was accompanied by a significant sequential decline in profitability: net profit fell to ₹351.51 crore from ₹483.04 crore, and operating profit dropped to ₹633 crore from ₹683 crore in the prior quarter. This divergence suggests margin compression or increased cost absorption despite higher sales.

On a longer-term basis, the company maintains robust earnings quality and capital efficiency. Return on Capital Employed (ROCE) improved to 34% in Mar 2026 from 31% in Mar 2025, while Return on Equity remained solid at 27% for the last year. Cash generation is strong, with Cash from Operating Activity reaching ₹1,767 crore in Mar 2026, though the cash conversion cycle widened slightly to 83 days. The balance sheet shows active expansion, with fixed assets growing to ₹3,971 crore and borrowings increasing to ₹575 crore as of Sep 2026, indicating ongoing investment in capacity. Institutional ownership shifted slightly, with DIIs increasing their stake to 31.96% while FIIs reduced theirs to 20.79% in Sep 2026.

- Q2 FY2026-27 revenue grew sequentially to ₹4,663.90 crore, but net profit declined sharply to ₹351.51 crore from ₹483.04 crore in Q1, signaling margin pressure.
- Long-term capital efficiency remains high, with ROCE improving to 34% in Mar 2026 and ROCE holding steady at 27% over the last year.
- Operating cash flow strengthened to ₹1,767 crore in Mar 2026, supporting an asset-heavy expansion where fixed assets rose to ₹3,971 crore.
- Next checkpoint: Monitor whether Q3 margins stabilize as the company absorbs costs associated with its expanding asset base and borrowing levels.

### Bull Case

Persistent Systems has completed the funding for its acquisition of Germany-based Nagarro SE, raising ₹7,600 crore through non-convertible debentures (NCDs) and ₹600 crore via commercial paper. The NCD issuance attracted demand exceeding ₹15,000 crore from top mutual funds, NBFCs, and insurance companies, indicating strong institutional confidence in the strategic expansion. Technically, the stock is trading at ₹6,053.50 with a market capitalization of approximately ₹96,377 crore. While the year-to-date return is -3.6%, the monthly trend shows a bullish super-trend direction, and the stock has gained +20.7% over the last six months. A key monitoring condition is whether the integration of Nagarro translates into tangible earnings visibility that can offset current valuation pressures and recent short-term volatility.

- Completed funding for Nagarro SE acquisition: Raised ₹7,600 crore via NCDs (8.95% coupon, 2-5 year tenure) and ₹600 crore commercial paper; NCD demand exceeded ₹15,000 crore.
- Institutional backing: Top mutual funds, NBFCs, and insurance companies participated heavily in the debt financing, signaling trust in the deal's long-term value.
- Technical structure: Monthly super-trend remains bullish; 6-month return is +20.7%, contrasting with a -3.6% YTD performance and -7.8% current drawdown.
- Price levels: Current price ₹6,053.50 faces immediate resistance near ₹6,129.50 (+1.26%) and support at ₹6,050.00 (-0.06%).
- Volatility context: Annualized volatility stands at +35.9%, requiring monitoring of execution risks post-acquisition closure.

- [Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- [Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal](https://economictimes.indiatimes.com/markets/bonds/persistent-raises-rs-7600-crore-to-wrap-up-funding-for-nagarro-se-deal/articleshow/135555133.cms)
- [Brokerages favour domestic growth, capex-led stocks in Samvat 2083](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)
- [Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on November 04, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150426_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding allotment of 700000 securities pursuant to Non Convertible Securities at its meeting held on November 04, 2026 |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150907_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261104_172516411.xml)
- [AS ON DATE : 26-Oct-2026 | PR_AND_PRGRP: 28.82 | PUBLIC_VAL: 70.43 | EMPTR: .75 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 29-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1749301_29102026073600_WEB.xml)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261027_225844826.xml)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on October 26, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026192958_PersistentSEOutcomeQIPissueclosingOct262026signed.pdf)

### Bear Case

Persistent Systems faces near-term balance-sheet and liquidity constraints following the completion of its acquisition of Nagarro SE. The company raised ₹7,600 crore via non-convertible debentures (NCDs) with an 8.95% coupon and tenures of two to five years, alongside a ₹600 crore one-year commercial paper issuance. This debt load introduces fixed interest obligations and refinancing risk over the medium term. Concurrently, the stock exhibits elevated volatility and recent underperformance; annualized volatility stands at +35.9%, with a maximum drawdown of -34.5%. As of November 6, 2026, the share price closed at ₹6,053.50, reflecting a year-to-date return of -3.6% and a current drawdown of -7.8%. Technical indicators show resistance clustering just above the current price, with pivot levels at ₹6,129.50 and ₹6,130.38, suggesting limited immediate upside momentum despite bullish longer-term trend signals.

- Debt burden: Raised ₹7,600 crore in NCDs at 8.95% coupon (2–5 year tenure) plus ₹600 crore commercial paper for Nagarro SE acquisition, creating fixed interest commitments.
- Volatility and drawdown: Annualized volatility is +35.9% with a maximum historical drawdown of -34.5%; current drawdown is -7.8% as of 2026-11-06.
- Price performance: YTD return is -3.6% with a 1-month return of +9.6%; close at ₹6,053.50 faces immediate resistance at ₹6,129.50 (1.26% above).
- Liquidity constraint: Short-term ₹600 crore commercial paper creates a near-term maturity obligation within one year.

- [Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- [Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal](https://economictimes.indiatimes.com/markets/bonds/persistent-raises-rs-7600-crore-to-wrap-up-funding-for-nagarro-se-deal/articleshow/135555133.cms)
- [Brokerages favour domestic growth, capex-led stocks in Samvat 2083](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)
- [Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on November 04, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150426_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding allotment of 700000 securities pursuant to Non Convertible Securities at its meeting held on November 04, 2026 |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150907_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261104_172516411.xml)
- [AS ON DATE : 26-Oct-2026 | PR_AND_PRGRP: 28.82 | PUBLIC_VAL: 70.43 | EMPTR: .75 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 29-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1749301_29102026073600_WEB.xml)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261027_225844826.xml)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on October 26, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026192958_PersistentSEOutcomeQIPissueclosingOct262026signed.pdf)

### FAQs

**How has Persistent Systems funded its acquisition of Nagarro SE?**

Persistent Systems completed the funding for the Nagarro SE acquisition through a combination of equity and debt. This included a previous ₹4,264 crore qualified institutional placement (QIP) and recent debt issuances totaling ₹8,200 crore. The debt component consists of ₹7,600 crore in non-convertible debentures (NCDs) with an 8.95% coupon and tenures of two to five years, plus ₹600 crore in one-year commercial papers.

**What are the key terms of the recent debt issuance by Persistent Systems?**

On November 4, 2026, the company allotted 700,000 INR-denominated NCDs aggregating ₹70 billion via private placement. These instruments carry an 8.95% coupon, mature between 2028 and 2031, and are senior, rated, and listed. Additionally, on November 5, 2026, the company allotted 12,000 Commercial Papers worth ₹6 billion, maturing on November 5, 2027, with a yield rate of 8.75%.

**What is the current technical trend and price action for Persistent Systems?**

As of November 6, 2026, the stock closed at ₹6,053.50, down 0.9% from the previous close. Technical indicators show a bullish daily supertrend direction, with the Plus DI (24.25) exceeding the Minus DI (17.07). Key support levels are observed at ₹6,050 and ₹5,990.50, while immediate resistance sits near ₹6,129.50 and ₹6,130.38.

**How has Persistent Systems performed over various time periods?**

Over the past month, the stock returned +9.6%, and over six months, it gained +20.7%. Year-to-date returns stand at -3.6%, with a one-year return of +3.6%. The stock is currently experiencing a drawdown of -7.8% from its peak, having seen a maximum historical drawdown of -34.5%. Annualized volatility is recorded at +35.9%.

- [Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- [Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal](https://economictimes.indiatimes.com/markets/bonds/persistent-raises-rs-7600-crore-to-wrap-up-funding-for-nagarro-se-deal/articleshow/135555133.cms)
- [Brokerages favour domestic growth, capex-led stocks in Samvat 2083](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)
- [Persistent Systems Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on November 04, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150426_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [Persistent Systems Limited has informed the Exchange regarding allotment of 700000 securities pursuant to Non Convertible Securities at its meeting held on November 04, 2026 |SUBJECT: Allotment of Securities](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150907_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261104_172516411.xml)
- [AS ON DATE : 26-Oct-2026 | PR_AND_PRGRP: 28.82 | PUBLIC_VAL: 70.43 | EMPTR: .75 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 29-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1749301_29102026073600_WEB.xml)
- [PERSISTENT SYSTEMS LIMITED has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261027_225844826.xml)
- [Persistent Systems Limited has informed the Exchange regarding Outcome of Committee Meeting held on October 26, 2026. |SUBJECT: Committee Meeting Updates](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026192958_PersistentSEOutcomeQIPissueclosingOct262026signed.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹6,129.5
- Risk regime: Price Risk Requires Attention

### Support levels
- 5744.6484375
- 5578.7
- 5492

### Resistance levels
- 6130.375
- 6269.06875
- 6543.0546875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.92% |
| return_10 | +5.69% |
| return_1m | +9.64% |
| return_1y | +3.62% |
| return_20 | +10.71% |
| return_3m | +10.88% |
| return_5 | +0.09% |
| return_6m | +20.73% |
| return_since_start | -5.95% |
| return_ytd | -3.65% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -34.51% |
| annualized_volatility | +35.85% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Persistent Systems Q2 FY2026-27 Results

Persistent Systems delivered strong revenue growth in the quarter ended 30 September 2026, but earnings declined as expenses rose faster than revenue. Consolidated revenue from operations increased 23.4% year on year to ₹4,663.90 crore and 8.4% sequentially. Profit before tax fell 19.7% year on year to ₹453.68 crore, while profit for the period declined 20.0% to ₹351.51 crore.

## Revenue Growth Continues

Revenue from operations has increased in each of the last five reported quarters, reaching ₹4,663.90 crore in Q2 FY2026-27. Total income, including ₹24.45 crore of other income, was ₹4,688.35 crore, up 22.8% year on year and 7.2% quarter on quarter.

## Expenses and Profitability

Total expenses rose 33.8% year on year to ₹4,234.67 crore and 12.9% sequentially, outpacing revenue growth in both comparisons. Employee benefit expense was ₹3,095.82 crore, the largest reported expense line; depreciation and amortisation expense was ₹166.67 crore.

Finance costs increased 98.1% year on year to ₹37.57 crore, from ₹18.96 crore, and were up 28.9% from ₹29.14 crore in the June quarter. Profit before tax was ₹453.68 crore, down from ₹623.10 crore sequentially and ₹564.99 crore in the corresponding quarter a year earlier.

## Net Profit and Earnings Per Share

Profit for the period from continuing operations was ₹351.51 crore, down 27.2% quarter on quarter and 20.0% year on year. Tax expense was ₹102.17 crore, compared with ₹140.06 crore in the June quarter and ₹125.54 crore a year earlier.

Basic earnings per share from continuing operations fell to ₹22.42 from ₹30.88 in the June quarter and ₹28.15 in the year-ago quarter. Diluted EPS was ₹22.22. Paid-up equity share capital remained unchanged at ₹78.88 crore.

## Comprehensive Income and Balance Sheet

Total comprehensive income was ₹408.69 crore, down from ₹586.20 crore in the June quarter. Other comprehensive income was ₹57.18 crore, compared with ₹103.15 crore sequentially.

At 30 September 2026, cash and cash equivalents stood at ₹1,631.19 crore, compared with ₹1,074.92 crore at 30 June. Current investments were ₹622.64 crore, down from ₹914.63 crore. Total assets increased to ₹13,030.52 crore from ₹11,376.54 crore; equity rose to ₹8,589.43 crore from ₹7,837.86 crore, and liabilities to ₹4,441.08 crore from ₹3,538.69 crore. Current liabilities were ₹3,802.64 crore, compared with ₹2,924.26 crore.

Current trade receivables increased to ₹3,566.16 crore from ₹3,334.39 crore at 30 June. Current trade payables rose to ₹1,384.46 crore from ₹1,134.19 crore.

## Segment Results

Segment revenue was ₹4,663.90 crore. Segment profit before tax was ₹429.24 crore, down from ₹623.10 crore in the June quarter and ₹564.99 crore in the corresponding year-ago quarter. Other unallocable expenditure, net of unallocable income, increased to ₹1,105.90 crore from ₹874.84 crore sequentially and ₹713.34 crore a year earlier.

## Management Commentary

Management reports Q2 FY27 revenue of USD 487.6 million, up 7.8% sequentially and 20.0% year on year, with an EBIT margin of 15.0%. Its operating PAT margin of 10.6% excludes exceptional expenses linked to the Nagarro acquisition, which management says reduced PAT by about 3.1%. Management also reports securing approximately 94.04% of Nagarro's share capital and voting rights, excluding treasury shares, and shareholder approval for an equity raise of up to USD 450 million, with combined equity and borrowings capped at USD 1,250 million. Management frames the proposed combination as a way to strengthen engineering capabilities and broaden geographic presence, which sits alongside the quarter's higher costs.

## Key Takeaway
Persistent’s revenue growth remained strong, but it did not translate into higher earnings this quarter: expenses grew faster than revenue, and both pre-tax profit and net profit declined year on year. The contrast between 23.4% revenue growth and a 20.0% fall in profit for the period makes cost growth and its effect on earnings the central investor concern.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +30.29%
- FII holding: +20.79%
- DII holding: +31.96%
- Mutual fund holding: +21.79%
- Retail holding: +9.41%
- Promoter pledged: +0.00%

### Major reported shareholders

- Anand Suresh Deshpande — +29.02%
- Hdfc Mutual Fund - Hdfc Mid-Cap Fund — +4.45%
- Life Insurance Corporation Of India — +3.48%
- Motilal Oswal Midcap Fund — +2.81%
- Sbi Life Insurance Co. Ltd — +2.02%
- Aditya Birla Sun Life Mutual Fund - Aditya Birla Sun Life Flexi Cap Fund — +1.97%
- Nippon Life India Trustee Ltd- A/C Nippon India Growth Mid Cap Fund — +1.81%
- Kotak Midcap Fund — +1.57%
- Mirae Asset Large & Midcap Fund — +1.56%
- Uti-Flexi Cap Fund — +1.46%

## Official filings

- 2026-11-06 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261106_231305209.xml)
- 2026-11-05 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_05112026233015_PersistentSEOutcomeAllotmentofCPsNovember52026signed.pdf)
- 2026-11-04 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150426_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- 2026-11-04 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_04112026150907_PersistentSEOutcomeAllotmentofNCDsNovember42026Signed.pdf)
- 2026-11-04 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261104_172516411.xml)
- 2026-10-29 — Shareholding Disclosure: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1749301_29102026073600_WEB.xml)
- 2026-10-27 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261027_225844826.xml)
- 2026-10-26 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026192958_PersistentSEOutcomeQIPissueclosingOct262026signed.pdf)
- 2026-10-26 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026232129_PersistentSEOutcomeAllotmentofsharesOct262026IIFLSigned.pdf)
- 2026-10-26 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_26102026232529_PersistentSEOutcomeAllotmentofsharesOct262026IIFLSigned.pdf)
- 2026-10-24 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20261024_195604050.xml)
- 2026-10-23 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_23102026204328_PSLTranscriptSubmissionOctober2026Sd.pdf)
- 2026-10-22 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261022_203947610.xml)
- 2026-10-22 — Credit Rating Update: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_22102026230112_PSLCreditRatingIntimationICRA22102026Sd.pdf)
- 2026-10-21 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_21102026191632_PersistentSEOutcomeQIPissueopeningOct212026V3signed.pdf)
- 2026-10-21 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_21102026192219_PersistentSEOutcomeQIPissueopeningOct212026V3signed.pdf)
- 2026-10-21 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_21102026195926_PersistentUpdateonSEOutcomeQIPissueopeningOct212026signed.pdf)
- 2026-10-21 — Credit Rating Update: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_21102026205156_PSLIntimationofCreditRatingNCDsd.pdf)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_16102026104432_PersistentSystemsStExchangeOutcomeOctober162026Signed.pdf)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_16102026105516_PersistentSystemsStExchangeOutcomeOctober162026Signed.pdf)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20261016_205810333.xml)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3142_WebXMLFile_20261016_205810333.xml)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_16102026223342_PSLIntimationoftheNewspaper_clippingsigned.pdf)
- 2026-10-16 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_3142_WebXMLFile_20261017_004150445.xml)
- 2026-10-15 — Generic Announcement: Persistent Systems Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PERSISTENTUSER1_15102026155331_PSLBMOutcomeOctober152026159signed.pdf)

## News and market events

- 2026-11-06 — Mint: **Diwali 2026 Muhurat Trading Investment Ideas: Kotak Neo's 7 stocks to buy for Samvat 2083- HAL, Titan, Eternal, and more** — Kotak Neo’s Diwali investment report identifies seven stocks across sectors such as chemicals, banking, and defence for Samvat 2083, citing improved valuations following a market correction and strong earnings visibility. The brokerage projects Nifty 50 earnings growth of around 18% in FY27 and 13% in FY28, supporting picks like Jubilant Ingrevia, Eternal, and Hindustan Aeronautics based on specific growth drivers and order book strength. — [Source](https://www.livemint.com/market/stock-market-news/diwali-2026-muhurat-trading-investment-ideas-kotak-neos-7-stocks-to-buy-for-samvat-2083-hal-titan-eternal-and-more-11793953552663.html)
- 2026-11-05 — Economic Times: **Persistent raises Rs 7,600 crore to wrap up funding for Nagarro SE deal** — Persistent Systems has raised ₹7,600 crore through non-convertible debentures with tenures ranging from two to five years at an 8.95% coupon, alongside a separate ₹600 crore one-year commercial paper issuance. This financing completes the funding required for its acquisition of Germany's Nagarro SE, which is expected to close within days following a previous ₹4,264 crore qualified institutional placement. The NCD issue attracted demand exceeding ₹15,000 crore from top mutual funds, NBFCs, and insurance companies. — [Source](https://economictimes.indiatimes.com/markets/bonds/persistent-raises-rs-7600-crore-to-wrap-up-funding-for-nagarro-se-deal/articleshow/135555133.cms)
- 2026-11-03 — The Hindu: **Brokerages favour domestic growth, capex-led stocks in Samvat 2083** — HDFC Securities and Kotak NEO have identified infrastructure, defence, manufacturing, consumer, and technology sectors as key growth drivers for Samvat 2083, citing domestic demand and capital expenditure amid global economic uncertainty. Both brokerages highlight strong order visibility and capacity expansion in companies such as Larsen & Toubro, Bharat Electronics, and Titan, with Kotak projecting Nifty-50 earnings growth of 18 per cent in FY27 and 13 per cent in FY28. — [Source](https://www.thehindubusinessline.com/markets/brokerages-favour-domestic-growth-capex-led-stocks-in-samvat-2083/article71661180.ece)
- 2026-10-29 — Economic Times: **Persistent Systems to raise Rs 6,000 crore via NCDs for Nagarro deal** — Persistent Systems plans to raise more than ₹6,000 crore through non-convertible debentures for its Nagarro SE acquisition. The company successfully completed a QIP earlier this week, raising ₹4,264 crore. NCDs will range from one to five years, averaging three years in maturity. Persistent secured 94% of Nagarro shares after receiving shareholder offers this month. The total acquisition value is around $1.25 billion, with additional debt financing to be arranged. — [Source](https://economictimes.indiatimes.com/markets/bonds/persistent-systems-to-raise-rs-6000-crore-via-ncds-for-nagarro-deal/articleshow/135285377.cms)
- 2026-10-28 — BUSINESSTODAY: **Infosys, other IT stocks fall up to 5%; why AI's capex boom is making investors fret** — IT stocks plunged up to 5 per cent in Wednesday's trade, with Infosys Ltd, Tata Consultancy Services Ltd (TCS), Coforge Ltd, Tech Mahindra Ltd (TechM) and Mphasis leading the selloff as a growing artificial intelligence (AI) capex pipeline dampened investor sentiment and dashed hopes of a 'reverse AI' trade. — [Source](https://www.businesstoday.in/markets/stocks/story/infosys-other-it-stocks-fall-up-to-5-why-ais-capex-boom-is-making-investors-fret-564173-2026-10-28)
- 2026-10-27 — CNBC-TV18: **Persistent Systems raises ₹4,264 crore through its QIP - These institutions received shares** — Most of the institutions who have been issued 5% or more shares in the Persistent Systems QIP exercise include India's Domestic Mutual Funds. Goverenment Pension Fund Global is the only Foreign Portfolio Investor (FPI), who has been issued shares as part of the QIP. — [Source](https://www.cnbctv18.com/market/persistent-systems-share-price-qip-closure-4264-crore-raised-domestic-mfs-issued-shares-acquisition-q2-impact-20019833.htm)
- 2026-10-26 — BUSINESSTODAY: **Federal Bank, Persistent, Bharti Hexacom, FSL among top stocks to buy; check fresh target prices** — Amid the ongoing wild moves in the Indian equity markets, select domestic brokerage firms like SMC Global Securities and Canara Bank Securities have suggested select stocks including Federal Bank, Persistent Systems Ltd, Bharti Hexacom and Firstsource Solutions Ltd to make quick gains in the short-term citing their strong technical parameters. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/federal-bank-persistent-bharti-hexacom-fsl-among-top-stocks-to-buy-check-fresh-target-prices-563569-2026-10-26)
- 2026-10-23 — The Hindu: **NIFTY IT trims intraday gains; TCS bucks trend as sector logs sharp monthly recovery** — TCS led the pack with a gain of 1.16% to ₹2,536, while Infosys added 0.21% to ₹1,155 and HCL Tech was nearly flat — [Source](https://www.thehindubusinessline.com/markets/nifty-it-trims-intraday-gains-tcs-bucks-trend-as-sector-logs-sharp-monthly-recovery/article71615043.ece)
- 2026-10-23 — Mint: **Top stocks to buy: IT stocks soar! TCS, Infosys, HCL Tech, Wipro - Nifty IT up over 3% today, jumps 22% from July low** — Indian IT stocks rallied after stronger-than-expected September-quarter results eased concerns about demand and AI disruption. The Nifty IT index rose as much as 3.3%, though analysts say sustained gains depend on revenue growth, earnings delivery and AI spending.  — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-to-buy-it-stocks-soar-tcs-infosys-hcl-tech-wipro-nifty-it-up-over-3-today-jumps-22-from-july-low-11792729456440.html)
- 2026-10-22 — BUSINESSTODAY: **Persistent Systems: QIP floor price revised to Rs 5,761 apiece; shares react** — Persistent Systems, Persistent Systems share price, Persistent Systems QIP, Persistent Systems floor price, QIP issue, qualified institutional placement, Rs 4,265 crore fundraise, Rs 5,761 floor price, SEBI, CRISIL rating — [Source](https://www.businesstoday.in/markets/stocks/story/persistent-systems-qip-floor-price-revised-to-rs-5761-apiece-shares-react-562955-2026-10-22)
- 2026-10-22 — Mint: **Persistent Systems, ONGC, Godrej Consumer: Kotak Neo suggests top stocks to buy for short term - Target price, stop-loss** — Amol Athawale of Kotak Neo advises level-based trading, citing support at 22,800 and 22,750, and identifies potential upside in Persistent Systems, ONGC and Godrej Consumer Products. — [Source](https://www.livemint.com/market/stock-market-news/persistent-systems-ongc-godrej-consumer-kotak-neo-suggests-top-stocks-to-buy-for-short-term-target-price-stoploss-11792637152339.html)
- 2026-10-22 — CNBC-TV18: **Persistent Systems shares in focus after it launches QIP to raise up to ₹4,265 crore** — In June 2026, Persistent Systems had announced the acquisition of Nagarro SE with a total outlay of $1.45 billion. The initial bridge is now refinanced via a combination of rupees debt sales and QIP. — [Source](https://www.cnbctv18.com/market/persistent-systems-share-price-qip-fund-raise-4265-crore-equity-dilution-nagarro-acquisition-20016539.htm)
- 2026-10-21 — MONEYCONTROL: **Persistent Systems opens QIP to raise Rs 4,265 crore, sets floor price at Rs 5,550** — Persistent Systems, Persistent Systems QIP, Rs 4,265 crore fundraise, QIP floor price, SEBI ICDR Regulations — [Source](https://www.moneycontrol.com/news/business/companies/persistent-systems-opens-qip-to-raise-rs-4-265-crore-sets-floor-price-at-rs-5-550-14057047.html)
- 2026-10-21 — The Hindu: **Persistent Systems opens ₹4,265-crore QIP at ₹5,550 floor price** — Persistent Systems opens a $450 million QIP with a ₹5,550 floor price per share and may offer institutional investors a discount of up to 5 per cent. — [Source](https://www.thehindubusinessline.com/markets/persistent-systems-opens-450-million-qip-sets-floor-price-at-5550-per-share/article71608791.ece)
- 2026-10-20 — MONEYCONTROL: **Persistent Systems may soon launch up to $450 million QIP; proceeds part of financing plan for Nagarro acquisition** — Persistent Systems, QIP — [Source](https://www.moneycontrol.com/news/business/persistent-systems-may-soon-launch-up-to-450-million-qip-proceeds-part-of-financing-plan-for-nagarro-acquisition-14055959.html)
- 2026-10-16 — CNBC-TV18: **Persistent Systems bulls expect market cap to double in four years, bears see 27% downside** — Among those analysts who are bearish on Persistent Systems, Investec, Citi and Avendus Spark have "sell" ratings on the stock and see price targets that range from ₹4,270 to ₹4,560, indicating a downside potential of up to 27% from current levels. — [Source](https://www.cnbctv18.com/market/persistent-systems-share-price-q2-result-reaction-buy-sell-bulls-market-cap-double-bears-see-sharp-fall-20013142.htm)
- 2026-10-16 — The Hindu: **Stock Market Highlights, Oct 16: Sensex gains 413 pts, Nifty ends at 23,146 led by IT stocks** — Sensex Today, Nifty 50 | Stock Market Highlights: Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16th October 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-16-october-2026/article71587755.ece)
- 2026-10-15 — BUSINESSTODAY: **TCS, TechM, Infosys shares lead Sensex, Nifty gainers on reverse AI trade; here's why** — Infosys share price, TCS share price, Sensex, Nifty, reverse AI trade, Coforge share price, HCL Tech shares — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-techm-infosys-shares-lead-sensex-nifty-gainers-on-reverse-ai-trade-heres-why-561703-2026-10-15)
- 2026-10-09 — CNBC-TV18: **Persistent Systems bags additional 10.79% stake in Nagarro SE in extended offer period** — Persistent Systems secured an additional 10.79% stake in Nagarro SE, raising its total shareholding to approximately 94.04% following an extended takeover offer. — [Source](https://www.cnbctv18.com/business/companies/persistent-systems-bags-additional-stake-in-nagarro-se-in-extended-offer-period-20008717.htm)
- 2026-10-09 — BUSINESSTODAY: **TCS, Infosys, Wipro shares jump; Nifty IT rises 2%; what analysts say** — TCS shares, Infosys shares, Wipro shares, Nifty IT index, Indian IT stocks, IT stocks recovery, TCS Q2 FY27 results, OpenAI revenue, AI monetisation, PERM applications, IT stocks outlook, buy on dips, Indian stock market — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-wipro-shares-jump-nifty-it-rises-2-what-analysts-say-560604-2026-10-09)
- 2026-10-05 — BUSINESS: **IT shares trade mixed post Accenture earnings; HCL Tech, Infy down up to 4%** — Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making. — [Source](https://www.business-standard.com/markets/news/it-shares-trade-mixed-post-accenture-earnings-hcl-tech-infy-down-up-to-4-126100500411_1.html)
- 2026-10-05 — Mint: **TCS, HCL Tech to Mphasis: IT stocks to add in portfolio ahead of Q2 results | Check target price, upside, preview** — IT stocks to buy: The brokerage’s recommendations point to a mixed but potentially attractive setup across Indian IT stocks. — [Source](https://www.livemint.com/market/stock-market-news/tcs-hcl-tech-to-mphasis-it-stocks-to-add-in-portfolio-ahead-of-q2-results-check-target-price-upside-preview-11791182199262.html)
- 2026-10-05 — The Hindu: **IT stocks: Accenture Q4 results, FY27 outlook lifts sentiment as Indian IT Q2 earnings near** — Accenture’s strong Q4 and upbeat FY27 outlook boost Indian IT sentiment ahead of Q2 earnings season. — [Source](https://www.thehindubusinessline.com/markets/it-stocks-accenture-q4-results-fy27-outlook-lifts-sentiment-as-indian-it-q2-earnings-near/article71545936.ece)
- 2026-10-01 — MONEYCONTROL: **IT growth faces AI squeeze in Q2FY27 as pricing pressure mounts** — Sesnex,Nifty,IT, Information Technology,IT stocks,AI stocks — [Source](https://www.moneycontrol.com/news/business/markets/it-growth-faces-ai-squeeze-in-q2fy27-as-pricing-pressure-mounts-14042480.html)
- 2026-09-30 — Economic Times: **Globalisation 2.0, can it be furrowed home? - The Economic Times** — Indian corporations are making bold strides abroad, with Essar establishing a massive $15 billion steel complex in Iowa. Notable companies such as Tata Motors and Reliance are also venturing into international markets across diverse sectors. However, the declining investments from mid-level Indian firms raise concerns about potential impacts on employment and economic growth at home. The ongoing debate is whether Globalisation 2. — [Source](https://economictimes.indiatimes.com/opinion/et-editorial/globalisation-2-0-can-it-be-furrowed-home/articleshow/134600241.cms)

## Business profile

**Strategic vision:** AI-led digital engineering and enterprise modernization partner.

### Business segments
- **Digital Engineering:** Focuses on digital transformation, digital product engineering, and CX innovation.
- **Enterprise Modernization:** Aids in modernizing core IT systems and leveraging data for business intelligence.

### Competitive strengths
- Deep technical expertise combined with industry experience.
- Global team across 18 countries.
- Focus on AI-led, platform-driven solutions.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/persistent
Markdown representation: https://faxioms.com/stocks/persistent?render=md