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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
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.
Multibagger defence stock Apollo Micro Systems jumps 7% despite stock market sell-off
Apollo Micro Systems shares rose over 7% on June 29, following news of a potential ₹30,000-crore order for Bharat Electronics Ltd under the QRSAM program, expected to be approved soon. The company also plans a Board meeting on July 6 for potential fundraising.
Ramco Systems soars 12% on huge volumes; stock zooms 75% in 1 month
A combined 21.36 million equity shares of Ramco Systems changed hands on the NSE (19.75 million shares) and BSE (1.61 million shares) in Monday's intra-day trade.
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.
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.
DCX Systems rises after securing orders worth Rs 436 crore
DCX Systems jumped 3.63% to Rs 198.55 after the company announced that it has secured purchase orders worth Rs 435.85 crore in the normal course of business.
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.
Persistent Systems share price crashes 9% to hit a 52-week low; is it a stock to buy? - Mint
Persistent Systems share price crashes 9% to hit a 52-week low; is it a stock to buy?Mint
Persistent Systems' Shares Slide 9% After Nagarro Deal; Here's Why Brokerages Are Split
Persistent Systems shares fell as much as 8% after announcing its 1.1 billion euro worth acquisition of Germany's Nagarro. While brokerages backed the strategic rationale, they flagged execution and valuation risks.