te Persistent Systems board meeting on January 20 to consider stock split | Zee Business

Persistent Systems board meeting on January 20 to consider stock split

Persistent Systems stock split: Persistent Systems' board is slated to hold a two-day meeting beginning Friday, January 19, to consider a sub-division or split of existing shares of the company having a face value of Rs 10 each.

Persistent Systems board meeting on January 20 to consider stock split
Persistent Systems Q3 result date: The company is also scheduled to release its third quarter ended December 2023 (Q3 FY24) earnings report on Saturday, January 20, 2024. Image: Official website

Persistent Systems stock split: Persistent Systems shares are expected to be on investors' radar as the IT company's board is slated to hold a two-day meeting beginning Friday, January 19, to consider a sub-division or split of existing shares of the company having a face value of Rs 10 each.

"We wish to inform you that the Board of Directors of Persistent Systems Limited (‘the Company’) may consider a proposal of alteration in the share capital of the company by sub-division or split of the existing equity shares having a face value of INR 10 each, fully paid up in such manner as may be determined by the Board of Directors at the meeting scheduled to be held on Friday, January 19, 2024, and to be continued on Saturday, January 20, 2024," the company informed the bourses on January 17 post-market hours.

What is a stock split?

The process of dividing the company's outstanding shares into smaller shares is known as stock splits. In a stock split, although the number of shares outstanding increases by a specific multiple, the total value of the shares remains the same compared to pre-split amounts because the split does not add any real value.

TRENDING NOW

Persistent Systems Q3 result date

In addition, the company is also scheduled to release its third quarter ended December 2023 (Q3 FY24) earnings report on Saturday, January 20, 2024.

Persistent Systems: Past performance

Persistent Systems has outperformed the Nifty as well as the Nifty IT index over one year, with a multi-bagger return of nearly 100 per cent, Meanwhile, the headline index and Nifty IT during the same period have rallied over 18 per cent.

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com. 

Written By: ZeeBiz WebTeam
Updated: Thu, Jan 18, 2024
02:33 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
1:2 stock split, Rs 32/share dividend: Persistent Systems shares to trade ex-date next week—Check out record date 1:2 stock split, Rs 32/share dividend: Persistent Systems shares to trade ex-date next week—Check out record date
Persistent Systems shares touch record high after IT firm posts Q3 results, announces dividend, stock split; what should investors do? Persistent Systems shares touch record high after IT firm posts Q3 results, announces dividend, stock split; what should investors do?
Nifty IT trades flat after surging over 5% in 2 sessions; what do tech charts indicate? Nifty IT trades flat after surging over 5% in 2 sessions; what do tech charts indicate?
Persistent Systems Q1 Results: Pune-based Technology services company logs 8% rise in Q1 net profit Persistent Systems Q1 Results: Pune-based Technology services company logs 8% rise in Q1 net profit
Persistent Systems Q1 result preview: PAT likely to rise more than 7%, revenue to grow over 3% Persistent Systems Q1 result preview: PAT likely to rise more than 7%, revenue to grow over 3%

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x