Incorporated in 1990, Persistent Systems Ltd is in the business of outsourced software product development (OPD) services.
Company design, develop and maintain software systems and solutions, create new applications and enhance the functionality of existing software products.
Company's main focus is in the area of telecommunications, life sciences and infrastructure and systems.
Persistent Systems won the 2008 NASSCOM Innovation Award and recognized as one of the leading technology companies in the Deloitte Touche Tohmatsu Technology Fast 500 Asia Pacific 2009.
Company has nine development centers in Europe, America and Asia. In India, company operates from Pune. Company has workforce of more than 3500 software professionals.
Company Promoters:The Promoters of Persistent Systems Ltd are:1. Dr. Anand Deshpande2. Mr S.P. Deshpande
Objects of the Issue:The objects of the Issue are to1. Establish our development facilities; 2. Capitalise our Subsidiaries for establishing development facilities and meeting fit outs and interior design costs; 3. Procure hardware; 4. Fund expenditure for general corporate purposes and 5. Achieve the benefits of listing on the Stock Exchanges.
»» Issue Open: Mar 17, 2010 - Mar 19, 2010
Persistent Systems Ltd IPO Grading / Rating
CRISIL has assigned an IPO Grade 4 to Persistent Systems Ltd IPO. This means as per CRISIL, company has above average fundamentals. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Persistent Systems Ltd.
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Persistent Systems IPO Messages (Persistent Systems IPO Comments)
Dear Shreedhar Bhai,
bay this price target 450
Nice post, thanks for writing!
Bought arround 100 shares at average price of 392. Let see what happens. Atleast hold till receive divident. Then will see what to do.
What is the time period of 'short to medium term'
an EPS of Rs 10 in the last quarter, projected price for the short-medium term 500-600
Thanks UR, I hope my recommendation benefits both of us. I am also holding Persistent in my portfolio. I suggest to sleep over this stock for next 2 months and do not pay attention to any news positive or negative.
A dividend of 2.50/share is not bad..it comes to 25%.Further the company has come up with excellent set of numbers...I expect the stock to rally to 450-500 in a month. Further it will continue to post excellent numbers for the next two quarters...
Rs.2.50 dividend per share
April 23 2010: Persistent Systems Q410 Revenue Grows 15.2% Y-o-Y; Fiscal 2010 Profits Increased by 70.2%
Dear UR, my expectation is that within 2 months it will reach 450+. These expectations are based on the following factors
dear UR, i am not saying that there will not be further down than 410. all i am saying is that you can sell this at 450+ levels if you wait.
Dear UR, why are you so worried about Persistent. Just relax and sleep over it. Now they will announce dividend on 23rd April 2010 (Friday), so enjoy the dividend and your avg. cost will also reduce after you get the dividend. SO just leave the shares of persistent as it is and enjoy the real cream when the time comes.
It was told number of big MF companies are taking position in this stock and it will move like ARSS,but it is showing down trend day to day.Is it right price(Rs410)to hold the shares for some time or better to move some other shares.Please give right feedback.
dear friends i have 6324 shares of persistent @405.25 average what should i do right now i am thinking of waiting for next 6 months