Persistent Systems Ltd up for third straight session

Persistent Systems Ltd is up for a third straight session today. The stock is quoting at Rs 5176.3, up 2.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.5% on the day, quoting at 25018.1. The Sensex is at 81649.92, up 0.55%. Persistent Systems Ltd has gained around 3.3% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 0.39% in last one month and is currently quoting at 33949.75, up 1.45% on the day. The volume in the stock stood at 3.52 lakh shares today, compared to the daily average of 5.66 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 5202.4, up 2.27% on the day. Persistent Systems Ltd is down 1.03% in last one year as compared to a 0.9% jump in NIFTY and a 18.36% jump in the Nifty IT index.

The PE of the stock is 61.9 based on TTM earnings ending June 25.

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