Stocks

Persistent Systems slumps on weak outlook

Reuters | Updated on January 24, 2018 Published on June 24, 2015

Shares of Persistent Systems today slumped as much as 9.2 per cent after giving a weak outlook.

The stocks were heading towards their biggest daily decline.

The company says June-quarter US dollar revenues will be marginally lower QoQ.

According to IDFC, there could be downside risk to margin estimates.

The investment bank has maintained “underperform’’ on Persistent Systems.

Published on June 24, 2015
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