Persistent Systems Ltd spurts more than 3%

Persistent Systems Ltd gained for a third straight session today. The stock is quoting at Rs 5980, up 3.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.78% on the day, quoting at 22538.75. The Sensex is at 72509.5, up 0.81%. Persistent Systems Ltd has risen around 9.17% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has risen around 0.26% in last one month and is currently quoting at 28349.6, up 4.52% on the day. The volume in the stock stood at 5.78 lakh shares today, compared to the daily average of 4.36 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 5959.5, up 3.49% on the day. Persistent Systems Ltd is up 12.03% in last one year as compared to a 10.37% drop in NIFTY and a 15.86% drop in the Nifty IT index.

The PE of the stock is 52.58 based on TTM earnings ending June 26.

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