Persistent Systems Ltd spurts 2.04%, rises for third straight session

Persistent Systems Ltd rose for a third straight session today. The stock is quoting at Rs 6000, up 2.04% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 23097.15. The Sensex is at 74679.77, up 0.71%. Persistent Systems Ltd has added around 11.79% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has added around 15.06% in last one month and is currently quoting at 31866.4, up 2.2% on the day. The volume in the stock stood at 6.97 lakh shares today, compared to the daily average of 7.77 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 5996.5, up 2.12% on the day. Persistent Systems Ltd is up 1.41% in last one year as compared to a 10.21% fall in NIFTY and a 8.81% fall in the Nifty IT index.

The PE of the stock is 55.4 based on TTM earnings ending September 26.

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