Persistent Systems Ltd slips for fifth straight session

Persistent Systems Ltd dropped for a fifth straight session today. The stock is quoting at Rs 5162, down 0.57% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 24998.35. The Sensex is at 81448.84, down 0.33%.Persistent Systems Ltd has lost around 3.99% in last one month.Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has eased around 3.8% in last one month and is currently quoting at 34994.25, down 0.86% on the day. The volume in the stock stood at 1.54 lakh shares today, compared to the daily average of 5.16 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 5158.5, down 0.77% on the day. Persistent Systems Ltd tumbled 4.87% in last one year as compared to a 4.64% slide in NIFTY and a 17.72% fall in the Nifty IT index.

The PE of the stock is 63.36 based on TTM earnings ending June 25.

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