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Persistent Systems shares drop 11% after Nagarro acquisition news

after close1 source ↓written by the desknot a recommendation

Systems shares fell
11%
of ₹4
52-week low
revenue run-rate
$2.9 billion

Persistent Systems shares fell 11% to a 52-week low of ₹4,312 following the announcement of its acquisition of Nagarro, a German digital engineering firm. The deal, aimed at creating an AI-led powerhouse with a $2.9 billion revenue run-rate, raised concerns among analysts regarding its cost relative to historical growth.

This significant decline reflects investor apprehension about the financial implications of the acquisition, potentially impacting market sentiment in the IT sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 29 Jun 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PERSISTENT closed +0.7% on the day of the news, from ₹4,298.50 to ₹4,326.50; Nifty −0.3% over the same session; futures OI −2.3%.

Bulletin at 16:03 IST on 29 Jun 2026. Every change is measured from ₹4,298.50, the last close before it, on 29 Jun. Nifty 50 is measured over the same sessions.

  • PERSISTENT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PERSISTENT closes around the bulletin against the close before the news, with Nifty 50 rebased to it381745055192axis spans 36%before the news · 29 Jun4299Nifty 50PERSISTENTbulletinD0+1+3+522 Jun3 Jul14 JulFutures open interest, lotspeak 51,000Reference close ₹4,298.50. 16 sessions from 22 Jun to 14 Jul; the price axis spans 36 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before29 Jun₹4,298.50basebase
On the day30 Jun₹4,326.50▲ +0.7%▼ −0.3%+1.0 pp difference
+1 session1 Jul₹4,330.20▲ +0.7%▲ +0.3%+0.5 pp difference
+3 sessions3 Jul₹4,682.70▲ +8.9%▲ +1.4%+7.6 pp difference
+5 sessions7 Jul₹4,884.80▲ +13.6%▲ +1.9%+11.8 pp difference
Gap at the open, % · ₹
▲ +0.8%+32.67 on 30 Jun
Day's range, % · ₹
2.4%≈ 100 high to low
Volume on the day
1.71×the 20-session average
Futures OI on the day
▼ −2.3%−1,200 lots · short covering · price +0.7%
Futures OI open, lots
49,00030 Jun · 30 Jun expiry
Futures premium, ₹
−1.500.0% to spot
Puts per call, by OI
0.60from 0.51 the session before
Max pain
4,800from 4,500 the session before

Source NSE UDiFF bhavcopy · PERSISTENT on the desk →

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