Persistent Systems Ltd spurts 2.02%, up for fifth straight session

Persistent Systems Ltd gained for a fifth straight session today. The stock is quoting at Rs 5594.3, up 2.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 24308.35. The Sensex is at 77816.27, up 0.21%. Persistent Systems Ltd has gained around 29.19% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has gained around 22.57% in last one month and is currently quoting at 31123.1, up 1.48% on the day. The volume in the stock stood at 8.46 lakh shares today, compared to the daily average of 7.76 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 5578, up 2.04% on the day. Persistent Systems Ltd is up 8.41% in last one year as compared to a 1.86% slide in NIFTY and a 10.53% slide in the Nifty IT index.

The PE of the stock is 52.27 based on TTM earnings ending March 26.

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