The stock market today had a cautious tone, and it showed clearly in the Persistent Systems and SRF share price movement. Both stocks came under pressure after their Q3 FY26 results were announced post-market on January 20.
Despite healthy headline numbers, the market response was not kind. Investors focused on quarterly trends, margins, and near-term concerns rather than just year-on-year growth.
Market Performance: How Persistent Systems and SRF Share Price Reacted?
On January 21, both stocks saw sharp selling pressure.
- Persistent Systems share price fell over 4%, sliding to a near six-week low
- SRF share price dropped more than 5%, hitting a nine-month low of Rs 2,730.10
The reaction made one thing clear. In the stock market today, strong numbers are not enough. Timing, comparisons, and expectations matter just as much.
Main News: Persistent Systems Q3 Results in Focus
Persistent Systems reported solid year-on-year growth for the October–December quarter of FY26. But a sequential slowdown and one-time impact weighed on sentiment.
Key Q3 FY26 Financial Highlights
- Net profit: Rs 439.45 crore
- Up 18% YoY (Rs 372.99 crore in Q3 FY25)
- Down 7% QoQ (Rs 471.47 crore in Q2 FY26)
- One-time impact: 1.8% due to new labour codes
- Revenue from operations: Rs 3,778.2 crore
- Up 23% YoY
The numbers show growth, but the quarter-on-quarter dip told a different story. That was enough to push the Persistent Systems share price lower despite the strong annual comparison.
Dividend Update
- Interim dividend: Rs 22 per share for FY26
- Record date: January 27
Dividend announcements often support sentiment, but in this case, the market stayed focused on the earnings trajectory.
Main News: SRF Q3 Results and Stock Pressure
SRF’s Q3 results looked strong on paper, especially at the profit level. Yet, revenue growth was modest, and the stock market reaction was sharp.
Key Q3 FY26 Financial Highlights
- Net profit: Rs 432.66 crore
- Up 60% YoY (Rs 271.08 crore in Q3 FY25)
- Revenue from operations: Rs 3,712.53 crore
- Up 6% YoY
The contrast between profit growth and slower revenue expansion stood out. That gap played a role in pushing the SRF share price down to its lowest level in nine months.
Company Details at a Glance
Persistent Systems
- Operates in software services and digital engineering
- Q3 FY26 showed strong YoY revenue and profit growth
- Sequential profit decline and one-time costs influenced sentiment
SRF
- Operates across chemicals and related segments
- Q3 FY26 saw sharp profit growth
- Revenue growth remained in single digits year-on-year
Stock Market Today: What This Reaction Tells Us?
The movement in Persistent Systems and SRF share price reflects a broader pattern seen in the stock market today. Investors are looking beyond headline growth and digging into quarter-on-quarter trends, cost impacts, and revenue quality.
Even with:
- 18% YoY profit growth at Persistent Systems
- 60% YoY profit growth at SRF
…the market reaction remained negative.
Summary: Persistent Systems and SRF Share Price Under Pressure
To sum it up:
- Persistent Systems share price slipped over 4% after Q3 FY26 results
- SRF share price fell more than 5%, touching a nine-month low
- Both companies reported higher YoY profits
- Market reaction was driven by sequential trends and revenue growth concerns
In the stock market today, results are not judged in isolation. They are measured against past quarters, expectations, and the story behind the numbers. That story, for now, kept both Persistent Systems and SRF share price under pressure despite solid annual growth.
Source: Moneycontrol
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