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Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10% - Equitymaster
Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10%Equitymaster
Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10% - Equitymaster
Sensex Today Ends 372 Points Lower | Nifty Below 23,950 | Persistent Systems Down 10%Equitymaster
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Netweb Technologies India Ltd leads losers in 'A' group
Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026.
Nagarro deal jitters drag Persistent's shares to a two-year low
Analysts are concerned about Nagarro's muted growth outlook and intense competition in the enterprise resource planning space.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Rs 8,350 crore crash in Persistent shares explained: Why investors are worried about Nagarro deal
Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal aims to boost European presence and revenue, brokerages expressed caution over pricey valuations and execution risks.
Nagarro shares surge 90% after Persistent’s €81 buyout offer By Investing.com - Investing.com India
Nagarro shares surge 90% after Persistent’s €81 buyout offer By Investing.comInvesting.com India
The trade-off in the Persistent-Nagarro deal is hard to ignore
Persistent Systems' share price fell 10% to a 52-week low after the IT company announced the acquisition of Munich-based Naggaro SE—its largest ever at an enterprise valuation of €1.27 billion.
Nagarro Shares Jump 92% In Xetra Pre-Market After Persistent's Takeover Bid; Deal Risks Remain In Focus
According to NDTV Profit Research, one of the biggest concerns is Nagarro's slower growth profile. The company has delivered a three-year revenue CAGR of around 5%, compared with Persistent's 15-18% dollar revenue growth.
Persistent crashes 9%, hits 52-week low; what's making Street nervous?
Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.
Persistent Systems slumps as investors assess Nagarro acquisition
Persistent Systems tumbled 7.75% to Rs 4,466.50 as investors reacted to the company's proposed acquisition of German digital engineering firm Nagarro SE.