Persistent Systems Ltd spurts 2.71%, gains for third straight session

Persistent Systems Ltd is up for a third straight session in a row. The stock is quoting at Rs 5512.5, up 2.71% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.18% on the day, quoting at 22462.4. The Sensex is at 72065.15, up 0.22%. Persistent Systems Ltd has dropped around 0.5% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has dropped around 6.18% in last one month and is currently quoting at 28304.7, down 0.57% on the day. The volume in the stock stood at 5.4 lakh shares today, compared to the daily average of 4.28 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 5512.5, up 2.2% on the day. Persistent Systems Ltd is up 6.23% in last one year as compared to a 10.43% drop in NIFTY and a 18.95% drop in the Nifty IT index.

The PE of the stock is 48.75 based on TTM earnings ending June 26.

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