Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.