Persistent Systems shares update on fundraising, stock slips 4% 

Shares of Persistent Systems Ltd slipped over 3% on Monday even as the IT firm said the company would hold a meeting of its board of directors on September 2 to consider a proposal of raising of funds by way of debt. Persistent Systems shares fell 3.56% intra day to Rs 5642.85 on BSE today. Market cap of the firm stood at Rs 90,218 crore. Total 6187 shares of the firm changed hands amounting to a turnover of Rs 3.53 crore on BSE.

The stock opened higher at Rs 5873 today. It has fallen 9% in 2026 and gained 21% in six months. The stock has a beta of 0.92, indicating average volatility in a year. It is trading in neither in the overbought nor in the oversold territory with a RSI of 69.2. Persistent Systems shares are trading higher than the 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.

"We wish to inform you that the meeting of the Board of Directors of Persistent Systems Limited (‘the Company’) is scheduled to be held on Wednesday, September 2, 2026, to consider a proposal of raising of funds by way of debt [including but not limited to ECB, NCDs, and other similar instruments] and/or issuance of securities through permissible modes [including but not limited to Preferential Issue, Foreign Currency Convertible Bond (FCCB), Qualified Institutional placement (QIP)] or a combination thereof, as may be determined by the Board subject to the necessary approvals," said the IT services firm.

In the June 2026 quarter, net profit rose 14% to Rs 483.04 crore against Rs 424.94 crore during the quarter ended June 2025. Sales climbed 29.09% to Rs 4303.23 crore in Q1 against Rs 3333.59 crore during the previous quarter ended June 2025.