Persistent Systems Ltd up for five straight sessions

Persistent Systems Ltd rose for a fifth straight session today. The stock is quoting at Rs 6087, up 0.59% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 23671.3. The Sensex is at 76533.86, up 1.11%. Persistent Systems Ltd has added around 10.07% in last one month.

Meanwhile, Nifty IT index of which Persistent Systems Ltd is a constituent, has added around 14.27% in last one month and is currently quoting at 32442.5, down 0.31% on the day. The volume in the stock stood at 2.59 lakh shares today, compared to the daily average of 8.1 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 6098, up 0.54% on the day. Persistent Systems Ltd is up 3.9% in last one year as compared to a 7.53% fall in NIFTY and a 8.32% fall in the Nifty IT index.

The PE of the stock is 56.91 based on TTM earnings ending September 26.

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