Persistent Systems Limited, a Small Cap Company which turned into a Mid Cap Company and is on the way to become a Large Cap Company. The company has released its Quarterly Results for Q1FY22 and has presented some impressive figures as well. Let’s discuss how did the company perform in the first quarter of FY22 along with the reasons to keep this stock on the radar.
Persistent Systems, a software engineering company announced its Quarterly Results for Q1FY22 on Tuesday 27th July 2021. The company has a significant journey from a small-cap to company and mid-cap company. The company has reported some phenomenal figures in its Q1FY22 result quarterly which makes it an interesting company to keep an eye on. Let’s analyze the result and prospects of the company in brief.
IT Sector has remained a very dynamic sector in the last 1-2 years and there are some notable changes taking place. Here, Persistent Systems has performed exceptionally well in the last 1 year by delivering a marvelous return of above 220% in the last one year. The company is performing well and has shown remarkable figures in the first quarter of FY22. Looking at the performance of the company this stock could be on one’s radar, but an investor should do proper research and study before making an investment decision. This is not direct advice to invest in this stock and hence one should consult a financial advisor before making any move.