Persistent Systems is a global organization providing state-of-the-art technology services. Established in 1990, the company has over 21,000+ employees working in 15 different countries across the globe. Their core mission is to help their customers engineer digital products and services that are game-changing. Their services cover cloud computing, digital transformation, analytics, AI, and the Internet of Things. Additionally, the company provides professional services, such as software development and maintenance, enterprise architecture, and system integration. They have many renowned customers in banking, health, retail, and telecoms, assisting them to realize their digital transformation objectives.
Stock Price History of Persistent Systems
Persistent System is listed on both the Bombay Stock Exchange(BSE) and the National Stock Exchange(NSE) of India. The stock price of Persistent Systems has been on an upward trend since its listing in April 2010. From the beginning of its listing till Jan 2023, the stock has seen an increase of over 2400%. The stock price hit its all-time high in December 2021 at Rs. 4904.35 per share. Since then, the stock has seen some correction and is currently trading at Rs. 4724.85 per share.
Latest news about Persistent Systems
- Persistent Cited as a Leader in Everest Group’s Software Product Engineering Services PEAK Matrix® Assessment 2023. [13-feb-2023]
- Persistent Systems stated that its board also approved the payment of an interim dividend of ₹28 per share for the financial year 2022–23. [10-feb-2023]
How to buy Persistent Systems shares online?
1. Open a demat account: To buy Persistent Systems shares, you will need to open a demat account. A demat account is a type of account that allows you to store and trade securities such as stocks, bonds, and mutual funds.
2. Research the company: Before investing in Persistent Systems, it is important to research the company and its performance. You can do this by accessing financial statements, reading news articles, and researching analyst reports.
3. Choose a broker: Once you have done your research, you will need to choose a broker to buy and sell Persistent Systems shares. Your broker should be a member of the National Stock Exchange and offer competitive pricing.
4. Place your order: Once you have chosen a broker, you can place your order to buy Persistent Systems shares. Your broker will execute the trade for you and the shares will be credited to your demat account.
5. Monitor your investments: After you have purchased Persistent Systems shares, it is important to monitor your investments and ensure that you are making the most of your money. You can do this by checking the company’s performance, reading news articles, and monitoring your portfolio.
You can also buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Persistent Systems: 2023 to 2030
Share Price Target 2023 of Persistent Systems is ₹6,414.82
| When | Maximum Price | Minimum Price |
| February 2023 | ₹4,781.30 | ₹3,677.92 |
| March 2023 | ₹3,585.98 | ₹2,758.44 |
| April 2023 | ₹3,944.57 | ₹3,034.29 |
| May 2023 | ₹3,287.14 | ₹2,528.57 |
| June 2023 | ₹3,944.57 | ₹3,034.29 |
| July 2023 | ₹4,733.49 | ₹3,641.14 |
| August 2023 | ₹5,206.84 | ₹4,005.26 |
| September 2023 | ₹5,467.18 | ₹4,205.52 |
| October 2023 | ₹5,206.84 | ₹4,005.26 |
| November 2023 | ₹5,727.52 | ₹4,405.78 |
| December 2023 | ₹6,414.82 | ₹4,934.48 |
The table depicts the predicted minimum and maximum prices of Persistent Systems shares throughout the year 2023. It can be observed from the table that the maximum price is expected to be around ₹6,414.82 in December 2023, while the minimum price is estimated to be around ₹2,528.57 in May 2023.
Based on this information and recent news about the company, it can be concluded that Persistent Systems is expected to have a promising future in the stock market. The recent approval of an interim dividend of ₹28 per share for the financial year 2022-23 and is cited as a leader in Everest Group’s Software Product Engineering Services PEAK Matrix® Assessment 2023 are both positive indicators of the company’s growth and stability.
Investors can expect the company to continue to grow and perform well in the future, potentially leading to a positive return on investment. However, as with all investments, it’s important to consider the overall market conditions and other factors that may impact the company’s performance.
Share Price Target 2024 of Persistent Systems is ₹8,981.03
| When | Maximum Price | Minimum Price |
| January 2024 | ₹6,752.45 | ₹5,194.19 |
| February 2024 | ₹7,587.02 | ₹6,322.51 |
| March 2024 | ₹7,986.33 | ₹6,492.95 |
| April 2024 | ₹7,260.30 | ₹5,584.85 |
| May 2024 | ₹6,050.25 | ₹4,654.04 |
| June 2024 | ₹7,260.30 | ₹5,584.85 |
| July 2024 | ₹6,171.26 | ₹4,783.92 |
| August 2024 | ₹6,788.38 | ₹5,387.61 |
| September 2024 | ₹7,127.80 | ₹5,482.93 |
| October 2024 | ₹8,385.65 | ₹6,450.50 |
| November 2024 | ₹8,804.93 | ₹6,773.03 |
| December 2024 | ₹8,981.03 | ₹6,908.49 |
It is anticipated that the company will maintain its upward trend with a growth rate surpassing 10%. The estimated highest price for the year is projected to be ₹8,981.03, while the lowest is expected to be ₹4,654.04. This suggests a significant rise in the company’s share price, reflecting its growth and optimistic outlook.
The bullish trend of the company’s share price, combined with the estimated maximum and minimum prices for 2024, implies that Persistent Systems is expected to maintain its robust performance and be a desirable investment option for those seeking to add technology stocks to their portfolios.
Don’t miss out on the opportunity to get in on the ground floor. Persistent Systems is a company with a proven track record of success, and its future looks brighter than ever. Consider making this promising stock a part of your portfolio today!
Share Price Target 2025 of Persistent Systems is ₹10,894.13
| When | Maximum Price | Minimum Price |
| January 2025 | ₹9,160.65 | ₹7,046.66 |
| February 2025 | ₹9,642.79 | ₹7,417.53 |
| March 2025 | ₹10,124.93 | ₹7,788.41 |
| April 2025 | ₹9,040.12 | ₹6,953.94 |
| May 2025 | ₹8,218.29 | ₹6,321.76 |
| June 2025 | ₹9,040.12 | ₹6,953.94 |
| July 2025 | ₹8,609.64 | ₹6,622.80 |
| August 2025 | ₹8,968.37 | ₹6,898.75 |
| September 2025 | ₹9,416.79 | ₹7,243.68 |
| October 2025 | ₹9,981.80 | ₹7,678.30 |
| November 2025 | ₹10,680.52 | ₹8,215.79 |
| December 2025 | ₹10,894.13 | ₹8,380.10 |
The future is looking even more promising for Persistent Systems, as the latest predictive table projects the company’s share price to reach as high as ₹10,894.13 in December 2025, with a low of ₹6,321.76 in May 2025.
With its strong performance over the past few years and recent accolades, Persistent Systems continues to demonstrate its commitment to growth and success. Investors looking for a solid investment opportunity should consider this dynamic tech firm.
The company’s expanding market presence, strong customer base, and well-established brand make it a strong player in the industry and a compelling investment opportunity for those looking to gain exposure to the growth potential of the IT industry. With its focus on sustainable growth and continued innovation, Persistent Systems Ltd. is poised to deliver significant value to its shareholders in the years to come.
Persistent Systems Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹7,625.89 | ₹5,338.12 |
| 2027 | ₹6,482.01 | ₹4,537.41 |
| 2028 | ₹11,667.62 | ₹8,167.33 |
| 2029 | ₹23,967.09 | ₹16,776.96 |
| 2030 | ₹26,690.62 | ₹18,683.44 |
The table highlights the estimated Persistent Systems share price target for the years 2026 to 2030.
In 2026, the predicted maximum price is ₹7,625.89, while the minimum is ₹5,338.12. This shows a significant increase in the company’s share price, reflecting its growth and positive outlook.
By 2027, the estimated maximum price is ₹6,482.01 and the minimum is ₹4,537.41, which indicates that the company is poised for continued growth.
In 2028, the estimated maximum price jumps to ₹11,667.62 and the minimum is ₹8,167.33, showcasing an even higher potential for growth.
By 2029 and 2030, the predicted maximum and minimum prices reach even greater heights, with ₹23,967.09 and ₹16,776.96, and ₹26,690.62 and ₹18,683.44 respectively.
These predictions demonstrate that Persistent Systems is expected to experience sustained growth and remain a valuable investment opportunity for those looking to add technology stocks to their portfolio.
The bullish trend of the company’s share price, along with the maximum and minimum price targets for 2026 to 2030, shows that Persistent Systems is likely to continue its strong performance and deliver consistent results in the future.
Financial Condition of Persistent Systems: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 3,033.70 | 3,365.94 | 3,565.81 | 4,187.89 | 5,710.75 |
| Expenses | 2,564.97 | 2,809.70 | 3,072.97 | 3,504.88 | 4,752.58 |
| Operating Profit | 468.73 | 556.24 | 492.84 | 683.01 | 958.17 |
| Other Income | 119.10 | 87.66 | 131.79 | 107.77 | 143.96 |
| Depreciation | 158.49 | 157.25 | 165.96 | 175.55 | 166.01 |
| Interest | 0.08 | 0.31 | 6.33 | 5.79 | 11.84 |
| Profit before tax | 429.26 | 486.34 | 452.34 | 609.44 | 924.28 |
| Tax | 106.17 | 134.66 | 112.06 | 158.77 | 233.89 |
| Net profit | 323.09 | 351.68 | 340.29 | 450.68 | 690.39 |
| EPS | 40.39 | 43.96 | 44.54 | 58.99 | 90.37 |
| Price to earning | 17.19 | 14.32 | 12.37 | 32.58 | 52.73 |
| Price | 694.05 | 629.55 | 550.95 | 1,922.05 | 4,765.30 |
| RATIOS: | |||||
| Dividend Payout | 24.76% | 24.75% | 26.95% | 33.92% | 34.32% |
| OPM | 15.45% | 16.53% | 13.82% | 16.31% | 16.78% |
The financial performance of Persistent Systems over the last five years, as reflected in the bank statement, showcases the growth and stability of the company.
The revenue has increased significantly, with sales rising from ₹3,033.70 crores in March 2018 to ₹5,710.75 crores in March 2022, reflecting growth of over 90%.
The operating profit has also witnessed an increase, from ₹468.73 crores to ₹958.17 crore, with a maximum growth of over 104% in March 2022.
The net profit after tax (PAT) has also seen an upward trend, with a minimum of ₹323.09 crore in March 2018 and a maximum of ₹690.39 crores in March 2022, reflecting growth of over 113%.
The earnings per share (EPS) has also witnessed a significant increase, with a minimum of ₹40.39 and a maximum of ₹90.37, showing a growth of over 123%. These numbers reflect the company’s positive performance and the consistent growth of its profit margins.
FAQS
Will the share price of Persistent Systems increase in 2023?
It is anticipated that Persistent Systems per share price will increase to ₹6,414.82 by the end of 2023 because the company’s expanding market presence, strong customer base, and well-established brand make it a strong player in the industry.
What is the share price target of Persistent Systems for 2025?
The share price target of Persistent Systems for 2025 might be around ₹10,894.13 because the company’s investments in technology, research, development, and infrastructure have enabled it to stay ahead of the competition and drive long-term growth.
What is the share price target of Persistent Systems for 2030?
The per-share price of Persistent Systems might reach around ₹26,690.62 by the end of 2030 because as we saw from recent trends Company grows 40.1% per year and continuously acquires fresh talent that makes the company stay ahead of the competition.
Also read:
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Conclusion
The overall outlook for Persistent Systems’ share price target from 2023 to 2030 is quite optimistic. With the company’s focus on developing innovative solutions to meet the needs of its customers, and its commitment to delivering high-quality products, services, and technologies, it is expected that the company will continue to perform well in the coming years.
In addition, the company’s strategic partnerships with other industry leaders are expected to help expand its customer base and drive sustained growth in the company’s share price. Therefore, it is expected that the share price of Persistent Systems will continue to increase in the years to come, making it an attractive investment opportunity for investors.
Don’t miss out on the chance to be a part of Persistent Systems’ continued success. With its promising future and track record of achievement, this company is poised to deliver impressive returns for its shareholders. So, make your move and consider investing in Persistent Systems today!
