ICRA places on watch Persistent Systems at AA
Persistent Systems (BSE: PERSISTENT) said ICRA has placed on watch its credit rating at AA. The company is valued at about ₹91,022 crore.
What happened
Persistent Systems (BSE: PERSISTENT) informed the stock exchanges on 9 October 2026 at 08:28 PM that ICRA has placed on watch its credit rating at AA.
From the filing: "the receipt of Credit Rating Ref. : Our earlier intimations bearing Ref."
Company snapshot
Persistent Systems is a mid-cap company in the Information Technology sector, with a market value of about ₹91,022 crore.
The stock last traded at ₹5,770, against a 52-week range of ₹4,244.5–₹6,599 (12.6% below the high).
Before this filing the shares had moved +0.9% over the month and +5.3% over three months. Average daily turnover over the last 20 sessions was about ₹203 crore.
Promoters held 30.29% at the end of Q1 FY27. Foreign institutions owned 20.79% and domestic institutions 30.24%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 3,334 | 448.2 | 27.43 |
| Q2 FY26 | 3,581 | 471.5 | 30.31 |
| Q3 FY26 | 3,778 | 439.5 | 28.15 |
| Q4 FY26 | 4,056 | 529.3 | 33.83 |
| Q1 FY27 | 4,303 | 483 | 30.88 |
What history shows
BCEIE's records show 2 previous credit rating filings from the company since May 2026.
After those filings, the stock fell 1.8% on average the next trading day and was down 1.3% on average after five days (2 filings with price data).
Across 20 similar disclosures by other Information Technology companies, shares moved +0.6% on average the next day and +0.1% over five days; 55% of them rose the next day.
Market-wide, 1,257 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 1 Sept 2026 | Receipt Of ESG Rating That Has Been Voluntarily Issued By M/S.… | −2.5% | −6.6% |
| 7 Jul 2026 | Credit rating | −1.1% | +3.9% |
What to watch
- Whether other agencies take a similar view on the company's credit.
- 15 October 2026: Board meeting — Financial Results/Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
- Persistent Systems (NSEI:PERSISTENT) Stock Forecast & Analyst Predictions
- Kavitha Srinivasulu Joins Persistent Systems as Chief Cyber & AI Security Officer
- Persistent Systems to Meet Several Analysts and Investors on September 30
- PERSISTENT Outlook for the Week
- Persistent Systems Appoints Former Unisys CHRO Ruchi Kulhari as EVP, Stock Up 2%
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.