−19% from the high · +26% from the low
Short covering into a 26-day expiry: futures OI −1.3% on a +1.7% day, the most call OI sits at 5,400, the most put OI at 5,300, max pain 5,300.
PERSISTENT futures closed at ₹5,394.00, +0.5% to spot, with 99% of open interest in the 27 Oct contract, and the 5,400 straddle prices a move of about ±8.1% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹5,394.00 | +27.00+0.5% | +7.1% | 25,000▼ −1.4% · −350 lots | 99 | 5,300 |
| 23 Nov53 days | ₹5,392.50 | +25.50+0.5% | +3.3% | 2400.0% · 0.00 lots | 0.96 | 140 |
| 29 Dec89 days | ₹5,400.00 | +33.00+0.6% | +2.5% | 22▲ +1000.0% · +20 lots | 0.09 | 20 |
1.1% of futures OI sits beyond the 27 Oct contract · 30 of 41 listed contracts traded · 26,000 option contracts changed hands
The 5,400 straddle closed at ₹434.85 (call 213.10 + put 221.75), pricing a move of about ±8.1% by the 27 Oct expiry. In the last 253 windows of 19 sessions, PERSISTENT moved more than that 95 times.
After the last 8 bulletins, PERSISTENT closed higher five sessions later in 8 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 20 AugIT stocks rebound as Nifty IT gains 1.4% | ▲ +3.0%Nifty +0.6% · +2.3 pp | ▲ +2.9%Nifty +0.7% · +2.1 pp | ▲ +2.6%Nifty +0.1% · +2.6 pp | ▼ −3.7%short covering |
| 10 JulCarnegie Fonder raises concerns over Persistent Systems' acquisition | ▲ +4.6%Nifty +1.0% · +3.6 pp | ▲ +7.5%Nifty +1.0% · +6.5 pp | ▲ +7.3%Nifty +1.6% · +5.8 pp | ▼ −3.7%short covering |
| 8 JulPersistent Systems acquires Nagarro for $1.4 billion | ▲ +1.3%Nifty +0.3% · +0.9 pp | ▲ +6.0%Nifty +1.4% · +4.6 pp | ▲ +6.1%Nifty +0.8% · +5.3 pp | ▲ +2.3%long build-up |
| 4 JulPersistent Systems to acquire up to 100% stake in Nagarro SE | ▲ +0.7%Nifty +0.7% · +0.1 pp | ▲ +4.3%Nifty +0.5% · +3.8 pp | ▲ +10.9%Nifty −0.3% · +11.1 pp | ▼ −0.8%short covering |
| 3 JulPersistent Systems to acquire up to 100% stake in Nagarro SE | ▲ +0.7%Nifty +0.7% · +0.1 pp | ▲ +4.3%Nifty +0.5% · +3.8 pp | ▲ +10.9%Nifty −0.3% · +11.1 pp | ▼ −0.8%short covering |
| 2 JulPersistent Systems announces largest acquisition to date | ▲ +2.2%Nifty +0.4% · +1.8 pp | ▲ +3.0%Nifty +1.1% · +1.9 pp | ▲ +10.3%Nifty +0.1% · +10.2 pp | ▲ +0.5%long build-up |
| 30 JunPersistent Systems shares drop 11% after Nagarro acquisition | ▲ +0.7%Nifty −0.3% · +1.0 pp | ▲ +0.7%Nifty +0.3% · +0.5 pp | ▲ +13.6%Nifty +1.9% · +11.8 pp | ▼ −2.3%short covering |
| 29 JunPersistent Systems shares drop 11% after Nagarro acquisition news | ▲ +0.7%Nifty −0.3% · +1.0 pp | ▲ +0.7%Nifty +0.3% · +0.5 pp | ▲ +13.6%Nifty +1.9% · +11.8 pp | ▼ −2.3%short covering |
Revenue ₹4,303 cr, +29% on a year earlier; profit ₹483 cr, +14% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 2 Aug · audited | ₹4,303 cr | ▲ +29% | ₹483 cr | ▲ +14% | 30.51 | ▲ +0.5%Nifty +1.6% · −1.1 pp |
| Mar 2026filed 21 Apr · audited | ₹4,056 cr | ▲ +25% | ₹529 cr | ▲ +34% | 33.55 | ▼ −4.8%Nifty −0.8% · −4.0 pp |
| Dec 2025filed 20 Jan · audited | ₹3,778 cr | ▲ +23% | ₹439 cr | ▲ +18% | 27.94 | ▼ −1.6%Nifty −0.3% · −1.3 pp |
| Sept 2025filed 14 Oct · audited | ₹3,581 cr | ▲ +24% | ₹471 cr | ▲ +45% | 30.15 | ▲ +7.2%Nifty +0.7% · +6.5 pp |
| Jun 2025filed 23 Jul · audited | ₹3,334 cr | ▲ +22% | ₹425 cr | ▲ +39% | 27.21 | ▼ −7.7%Nifty −0.6% · −7.1 pp |
| Mar 2025filed 24 Apr · audited | ₹3,242 cr | ▲ +25% | ₹396 cr | ▲ +26% | 25.39 | ▲ +2.3%Nifty −0.9% · +3.1 pp |
| Dec 2024filed 22 Jan · audited | ₹3,062 cr | ▲ +23% | ₹373 cr | ▲ +30% | 23.93 | ▲ +10.6%Nifty +0.2% · +10.4 pp |
| Sept 2024filed 22 Oct · audited | ₹2,897 cr | ▲ +20% | ₹325 cr | ▲ +23% | 20.98 | ▲ +10.9%Nifty −0.1% · +11.0 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹14,748 cr | ▲ +24% | ₹1,865 cr | ▲ +33% | 118.85 |
| FY25to Mar 2025 | ₹11,939 cr | ▲ +22% | ₹1,400 cr | ▲ +28% | 90.19 |
| FY24to Mar 2024 | ₹9,822 cr | — | ₹1,093 cr | — | 121.65 |
PERSISTENT trades at 44 times trailing earnings against 17 for its industry, 11 times book value, revenue +25% over twelve months, a 1.5% dividend yield, market cap ₹85,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| TCSTata Consultancy Services Limited | 7,50,000 cron 1 Oct | 15consolidated | 6.9 | ₹2,075.00 |
| INFYInfosys Limited | 4,20,000 cron 1 Oct | 14consolidated | 4.5 | ₹1,035.00 |
| HCLTECHHCL Technologies Limited | 3,40,000 cron 1 Oct | 19consolidated | 4.5 | ₹1,243.10 |
| WIPROWipro Limited | 1,60,000 cron 1 Oct | 13consolidated | 1.8 | ₹159.35 |
| TECHMTech Mahindra Limited | 1,50,000 cron 1 Oct | 27consolidated | 5.0 | ₹1,533.00 |
| LTMLTM Limited | 1,20,000 cron 1 Oct | 23consolidated | 4.9 | ₹4,007.00 |
| PERSISTENTPersistent Systems Limited | 85,000 cron 1 Oct | 44consolidated | 11 | ₹5,367.00 |
| COFORGECoforge Limited | 81,000 cron 1 Oct | 37consolidated | 8.4 | ₹1,826.00 |
| MPHASISMphasiS Limited | 43,000 cron 1 Oct | 23consolidated | 4.0 | ₹2,250.20 |
| HEXTHexaware Technologies Limited | 30,000 cron 1 Oct | — | 4.5 | ₹490.45 |
| TATAELXSITata Elxsi Limited | 19,000 cron 1 Oct | 29standalone | 6.3 | ₹3,092.80 |
| KPITTECHKPIT Technologies Limited | 13,000 cron 1 Oct | 23consolidated | 3.8 | ₹492.00 |
| FRACTALFractal Analytics Limited | 13,000 cron 1 Oct | — | 4.0 | ₹727.35 |
| RATEGAINRategain Travel Technologies Limited | 10,000 cron 1 Oct | — | 5.0 | ₹840.65 |
| ZENSARTECHZensar Technologies Limited | 9,900 cron 1 Oct | — | 2.1 | ₹434.35 |
| INTELLECTIntellect Design Arena Limited | 8,600 cron 1 Oct | — | 2.7 | ₹610.95 |
| BSOFTBIRLASOFT LIMITED | 7,500 cron 1 Oct | — | 1.8 | ₹269.75 |
| SONATSOFTWSonata Software Limited | 7,100 cron 1 Oct | — | 3.7 | ₹254.05 |
| NEWGENNewgen Software Technologies Limited | 6,500 cron 1 Oct | — | 3.7 | ₹456.35 |
| LATENTVIEWLatent View Analytics Limited | 4,900 cron 1 Oct | — | 2.7 | ₹234.50 |
| MASTEKMastek Limited | 4,800 cron 1 Oct | — | 1.6 | ₹1,555.60 |
| HAPPSTMNDSHappiest Minds Technologies Limited | 4,600 cron 1 Oct | — | 2.8 | ₹304.70 |
| 63MOONS63 moons technologies limited | 3,700 cron 1 Oct | — | 1.0 | ₹802.25 |
| AURIONPROAurionpro Solutions Limited | 3,400 cron 1 Oct | — | 1.9 | ₹607.80 |
| SAKSOFTSaksoft Limited | 1,800 cron 1 Oct | — | 2.4 | ₹139.35 |
| SILVERTUCSilver Touch Technologies Limited | 1,800 cron 1 Oct | — | 10 | ₹138.70 |
| ACCELYAAccelya Solutions India Limited | 1,600 cron 1 Oct | — | 6.5 | ₹1,094.20 |
| NINSYSNINtec Systems Limited | 1,500 cron 1 Oct | — | 16 | ₹804.65 |
| MCLOUDMagellanic Cloud Limited | 1,400 cron 1 Oct | — | 2.1 | ₹24.25 |
| INFOBEANInfoBeans Technologies Limited | 1,400 cron 1 Oct | — | 3.4 | ₹143.60 |
| XCHANGINGXchanging Solutions Limited | 670 cron 1 Oct | — | 1.7 | ₹59.75 |
| SOFTTECHSofttech Engineers Limited | 660 cron 1 Oct | — | 3.9 | ₹474.30 |
| INNOVANAInnovana Thinklabs Limited | 600 cron 1 Oct | — | 2.1 | ₹290.20 |
| KSOLVESKsolves India Limited | 570 cron 1 Oct | — | 19 | ₹241.15 |
| CSMCSM Technologies Limited | 490 cron 1 Oct | — | 4.7 | ₹94.25 |
| MINDTECKMindteck (India) Limited | 480 cron 1 Oct | — | 1.6 | ₹150.95 |
| XTGLOBALXtglobal Infotech Limited | 380 cron 1 Oct | — | 1.8 | ₹28.70 |
| TREJHARATREJHARA SOLUTIONS LIMITED | 320 cron 1 Oct | — | 1.1 | ₹131.65 |
| DRCSYSTEMSDRC Systems India Limited | 190 cron 1 Oct | — | 1.7 | ₹13.00 |
| EMPOWEREmpower India Limited | 180 cron 1 Oct | — | — | ₹1.55 |
| TRIGYNTrigyn Technologies Limited | 160 cron 1 Oct | — | 0.20 | ₹51.80 |
| SECMARKSecMark Consultancy Limited | 140 cron 1 Oct | — | 6.1 | ₹137.50 |
| RSSOFTWARER. S. Software (India) Limited | 78 cron 1 Oct | — | 2.5 | ₹30.05 |
| CGVAKCG Vak Software & Exports Limited | 74 cron 1 Oct | — | — | ₹147.25 |
| CURAACura Technologies Limited | 72 cron 17 Sept | — | 11 | ₹72.95 |
| ORCHASPOrchasp Limited | 44 cron 1 Oct | — | 0.36 | ₹1.30 |
| QUINTEGRAQuintegra Solutions Limited | 3.6 cron 1 Oct | — | — | ₹1.35 |
| 3IINFOLTD3i Infotech Limited | — | — | — | — |
| CALSOFTCalifornia Software Company Limited | — | — | — | — |
| CTECambridge Technology Enterprises Limited | — | — | — | — |
| CYBERTECHCybertech Systems And Software Limited | — | — | — | — |
| EQUIPPPEquippp Social Impact Technologies Limited | — | — | — | — |
Promoters hold 30.3%, foreign portfolio investors 20.8%, mutual funds 21.3% and insurance companies 7.4%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 30.290.00 pp | 30.290.00 pp | 30.29▼ −0.27 pp | 30.560.00 pp | 30.56 |
| Foreign portfolio investors | 20.79▼ −1.32 pp | 22.11▼ −0.68 pp | 22.79▲ +1.55 pp | 21.24▼ −2.95 pp | 24.19 |
| Mutual funds | 21.32▼ −0.80 pp | 22.12▼ −0.86 pp | 22.98▼ −0.73 pp | 23.71▲ +1.38 pp | 22.33 |
| Insurance companies | 7.42▲ +0.28 pp | 7.14▲ +1.28 pp | 5.86▼ −0.03 pp | 5.89▲ +1.07 pp | 4.82 |
| Banks and financial institutions | 1.51▲ +0.30 pp | 1.21▲ +0.25 pp | 0.96▼ −0.04 pp | 1.00▲ +0.38 pp | 0.62 |
| Individual investors | 15.89▲ +1.26 pp | 14.63▼ −0.13 pp | 14.76▼ −0.87 pp | 15.63▲ +0.41 pp | 15.22 |
| Bodies corporate | 0.54▲ +0.19 pp | 0.35▼ −0.04 pp | 0.39▼ −0.07 pp | 0.46▲ +0.02 pp | 0.44 |
| Others | 2.24▲ +0.09 pp | 2.15▲ +0.18 pp | 1.97▲ +0.46 pp | 1.51▼ −0.31 pp | 1.82 |
Nothing upcoming on record; the last was a dividend of ₹18.00 a share, ex-date 27 Jul 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 27 Jul 2026 | dividend | ₹18.00 | 27 Jul 2026 | BSE |
| 27 Jan 2026 | dividend | ₹22.00 | 27 Jan 2026 | BSE |
| 14 Jul 2025 | dividend | ₹15.00 | 14 Jul 2025 | BSE |
| 31 Jan 2025 | dividend | ₹20.00 | 31 Jan 2025 | BSE |
| 9 Jul 2024 | dividend | ₹10.00 | — | BSE |
| 28 Mar 2024 | split | 10→5 | 1 Apr 2024 | BSE |
| 30 Jan 2024 | dividend | ₹32.00 | 30 Jan 2024 | BSE |
PERSISTENT is −5.7% over 20 sessions against Nifty's −6.2%, 19% below its 52-week high, realised volatility 24% annualised.
| Window | From ₹ | PERSISTENT % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹4,951.11 | ▲ +8.4% | ▼ −9.1% | +17 |
| 120 sessionssince 9 Apr | ₹5,470.95 | ▼ −1.9% | ▼ −5.7% | +3.8 |
| 60 sessionssince 8 Jul | ₹4,769.39 | ▲ +13% | ▼ −6.1% | +19 |
| 20 sessionssince 2 Sept | ₹5,690.20 | ▼ −5.7% | ▼ −6.2% | +0.56 |
| 5 sessionssince 24 Sept | ₹5,276.77 | ▲ +1.7% | ▼ −2.8% | +4.5 |
| 1 sessionsince 30 Sept | ₹5,278.84 | ▲ +1.7% | ▼ −0.88% | +2.5 |
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