Canara Bank and Persistent Systems company’s have announced the stock split, know the latest record date and current stock price…

Canara Bank and Persistent Systems company’s have announced the stock split, know the latest record date and current stock price…

Persistent systems has given an stock split into 5:10 ratio, is this right to buy the stock?…

Canara Bank has recently announced the stock split of the every one equity share of face value Rs 10 to each fully paid up to 5 equity shares of face value Rs 2. The record date yet to be announced by the Canara bank for the stock split.


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Technical Analysis of Canara Bank stock

Canara Bank is an one of the Indian public sector bank whose headquarters is located in Bangalore. The bank was established in the year 1906. The bank provide multiple services to its customers.

The current stock price of the Canara bank as on the date is Rs 607.40. The market capital of the Canara bank is 110190 Cr as on the date. The dividend yield of the stock is 1.98%. The stock of Canara bank has provided good Return on Equity for last two years.

The bank has seen increasing in its revenue from the past financial years. Promoter holding in Canara bank have been stable over the last financial years, where as the FII or FPI have increased their holding by 1% in the past  financial years. At the same mutual funds also have increased their holding over by 1% in the past financial year.

About Persistent System company

Persistent System is one of the services based multizonal and multinational company. Persistent System provides services in multiple domain like application development and management, cloud development and management, data processing and Data analytics, Artificial Intelligence, Automation and more…

Persistent system have been investing and developing cutting edge technology in the domain Artificial Intelligence. The company provided end to end development of the software to deployment of the software products.

Persistent system has recently launched an AI platform of SASVA which provides an pioneering manageable and well secured AI platform. It’s based on the Large Language Model and Machine Learning

Technical Analysis of Persistent System stock

The current stock price of the Persistent System is trading on Rs 3996 as on date. The market capitalization of the Persistent System is 62,074.45 Crore. The Dividend yield of the company is 0.62% over the past performance. The company comes under Large cap in Indian stock market.

The company has provided good returns to its share holder over the past performance. The added advantage is company has very low debt till the date. The company profits and Revenue have been increasing in over past quarter.

The company is having very high PE ration which is greater than 40. Which makes the stock to be over valued by it means. Looking into the stock Holding pattern of the Persistent System is Promoters have been stable over the past quarters of the results. Where as the FII OR FPI have increased their holding by 3% over the past quarter 2023. We see that Mutual funds holding have decreased over the past quarters by 2%.

Is this good time to buy Persistent system?

If Observe the data from past over 5 years we see that stock has given good returns to its share holder in long terms. So Buy this stock would be good to add an diversification in the portfolio for long term.

Disclaimers: Thinkota provides stock market updates for informational and educational purposes only and should not be considered as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions. Thinkota.com is not liable or responsible for any losses incurred by the reader. Investments in stocks markets and mutual funds are subject to market risk, make your analysis before investing and We advise investors to check with certified experts before making any investment decisions.


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RakeshRocky
RakeshRocky
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