Rs 524 to Rs 2,515: This IT stock rallied over 300% in 12 months
The midcap IT share has delivered more than 300 per cent returns to its shareholders in the last 12 months. The share stood at Rs 524.15 on May 26, 2020. It has zoomed to Rs 2,515.55 today, translating into gains of 379 per cent during the period. In comparison, Sensex clocked 65 per cent in one year
Tanya Aneja | May 25, 2021 | Updated 18:28 IST
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Share of Persistent Systems rose 5 per cent to hit a 52-week high of Rs 2,515.55 in today s intraday session on BSE.
The midcap IT share has delivered more than 300 per cent returns to its shareholders in the last 12 months. The share stood at Rs 524.15 on May 26, 2020. It has zoomed to Rs 2,515.55 today, translating into gains of 379 per cent during the period. In comparison, Sensex clocked 65 per cent in one year.
Rs 524 to Rs 2,515: This IT stock rallied 379% in 12 months
The midcap IT share has delivered more than 300 per cent returns to its shareholders in the last 12 months. The share stood at Rs 524.15 on May 26, 2020. It has zoomed to Rs 2,515.55 today, translating into gains of 379 per cent during the period.
Tanya Aneja | May 25, 2021 | Updated 18:43 IST
Representative Image
Share of Persistent Systems rose 5 per cent to hit a 52-week high of Rs 2,515.55 in today s intraday session on BSE.
The midcap IT share has delivered more than 300 per cent returns to its shareholders in the last 12 months. The share stood at Rs 524.15 on May 26, 2020. It has zoomed to Rs 2,515.55 today, translating into gains of 379 per cent during the period. In comparison, Sensex clocked 65 per cent in one year.
64.3%
The Board of Directors at its meeting held on April 29, 2021, recommended final dividend of INR 6.00 per share on the face value of INR 10.00 each. In January 2021, the Board declared an interim dividend of INR 14.00 per share making total dividend of INR 20.00 per share. The dividend recommended by the Board is subject to the approval of the Members during the ensuing Annual General Meeting.
Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems: This year was tough. We sincerely pray for everyone s well-being. The pandemic brought on the rapid shift to remote work, and I want to recognize the resilience shown by our employees. They ensured continuous, high-quality service delivery, demonstrating our unwavering commitment to our customers. Thank you to our customers and partners for their continued support.