Persistent Systems Ltd Sees Sharp Value Turnover Amidst Declining Momentum

Robust Trading Volumes Amidst Price Pressure

On 24 Feb 2026, Persistent Systems Ltd (symbol: PERSISTENT) recorded a total traded volume of 4,49,410 shares, translating into a substantial traded value of ₹21,699.45 lakhs. This places the stock among the most actively traded equities by value on the day, underscoring strong market participation. However, the price action tells a different story. The stock opened at ₹4,875.00, down 2.06% from the previous close of ₹4,977.50, and touched an intraday low of ₹4,760.00 before settling at ₹4,771.00 by 09:45 IST, marking a decline of 4.49% on the day.

Persistent Systems has been on a downward trajectory for the past five consecutive trading sessions, cumulatively losing 14.74% in value. This underperformance is more pronounced when compared to its sector peers, with the IT - Software sector declining by 3.12% and the broader Sensex falling by 0.89% on the same day. The stock’s 1-day return of -4.26% also lags behind the sector’s 1-day return of -3.22%, signalling relative weakness.

Technical Indicators and Moving Averages Signal Bearish Momentum

From a technical perspective, Persistent Systems is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating sustained bearish momentum. The gap-down opening and the intraday low reinforce the negative sentiment prevailing among traders and investors. Such technical deterioration often reflects underlying concerns about near-term fundamentals or broader market headwinds impacting the stock.

Institutional Participation and Liquidity Dynamics

Institutional investor participation appears to be waning, with delivery volumes on 23 Feb 2026 falling by 13.53% compared to the 5-day average delivery volume. The delivery volume of 3.8 lakh shares suggests that while liquidity remains adequate, there is a discernible drop in long-term investor conviction. This decline in delivery volume could be indicative of profit-booking or cautious repositioning by institutional players amid the recent price weakness.

Liquidity metrics remain favourable for sizeable trades, with the stock’s liquidity supporting trade sizes up to ₹11.57 crores based on 2% of the 5-day average traded value. This ensures that Persistent Systems remains accessible for both retail and institutional investors looking to enter or exit positions without significant market impact.

Mojo Score Downgrade Reflects Market Caution

MarketsMOJO’s latest assessment downgraded Persistent Systems from a 'Buy' to a 'Hold' rating on 5 Feb 2026, reflecting a more cautious outlook. The company’s Mojo Score currently stands at 61.0, which is moderate and suggests limited upside potential in the near term. The Market Cap Grade is 2, categorising Persistent Systems as a mid-cap stock with a market capitalisation of approximately ₹78,535 crores.

This downgrade aligns with the recent price weakness and technical deterioration, signalling that while the company remains fundamentally sound within the Computers - Software & Consulting sector, investors should exercise prudence given the current market dynamics and sectoral headwinds.

Sectoral Context and Comparative Performance

The IT - Software sector has experienced a broad-based decline of 3.12% on the day, pressured by global macroeconomic uncertainties and profit-taking after recent gains. Persistent Systems’ sharper fall relative to the sector average suggests company-specific factors or investor sentiment may be weighing more heavily on its shares.

Comparatively, the Sensex’s modest decline of 0.89% indicates that the broader market remains relatively resilient, highlighting the selective nature of the sell-off concentrated in certain mid-cap IT stocks like Persistent Systems.

Order Flow and Market Depth Insights

Analysis of order flow reveals a predominance of sell orders at key resistance levels, with the stock failing to sustain intraday rallies above ₹4,918.00. The intraday low of ₹4,760.00 underscores the presence of aggressive selling pressure. Such large order flows and high-value trading activity often reflect institutional repositioning or profit-booking, which can exacerbate short-term volatility.

Despite this, the stock’s liquidity profile remains robust, allowing for efficient execution of large trades without significant price disruption. This liquidity is a positive attribute for investors considering entry points once the stock stabilises.

Investor Takeaway and Outlook

Persistent Systems Ltd’s recent trading activity highlights a complex picture of high liquidity and institutional interest juxtaposed with weakening price momentum and a cautious market outlook. The downgrade to a 'Hold' rating by MarketsMOJO, combined with the stock’s underperformance relative to its sector and broader indices, suggests investors should approach with measured caution.

For long-term investors, the current price correction may present an opportunity to accumulate shares at more attractive valuations, provided the company’s fundamentals remain intact and sectoral headwinds ease. However, short-term traders should be wary of continued volatility and monitor technical signals closely before initiating fresh positions.

Given the stock’s liquidity and active order flow, Persistent Systems remains a key stock to watch within the mid-cap IT space, especially as market participants seek clarity on earnings prospects and sectoral growth drivers in the coming quarters.

Summary of Key Metrics:

• Market Capitalisation: ₹78,535 crores (Mid Cap)
• Mojo Score: 61.0 (Hold rating, downgraded from Buy on 5 Feb 2026)
• Traded Volume (24 Feb 2026): 4,49,410 shares
• Traded Value (24 Feb 2026): ₹21,699.45 lakhs
• Price Change (24 Feb 2026): -4.49%
• 5-day Consecutive Decline: -14.74%
• Sector Performance (IT - Software): -3.12%
• Sensex Performance: -0.89%
• Liquidity for Trade Size: ₹11.57 crores

Investors should continue to monitor Persistent Systems’ price action, institutional flows, and sectoral developments to gauge the stock’s trajectory in the near term.

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