On 20 Nov 2025, Persistent Systems Ltd, a key player in the Computers - Software & Consulting sector, recorded an open interest (OI) of 49,901 contracts in its derivatives market. This figure represents a 10.97% change from the previous OI of 44,970 contracts, indicating a substantial build-up in outstanding positions. The volume for the day stood at 86,180 contracts, underscoring active trading interest.
The futures segment alone accounted for a value of approximately ₹66,774.23 lakhs, while the options segment reflected a considerably larger notional value of ₹48,736.02 crores. Combined, the total derivatives value associated with Persistent Systems reached ₹71,398.64 lakhs, highlighting the stock’s prominence in the derivatives space.
Underlying the derivatives activity, the stock’s spot price was recorded at ₹6,393, with Persistent Systems outperforming its sector by 1.05% on the day. The stock has been on a positive trajectory, gaining for two consecutive sessions and delivering a cumulative return of 5.19% over this period. This momentum is further supported by the stock trading above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bullish trend.
Investor participation has also shown a marked shift, with delivery volumes reaching 3.14 lakh shares on 19 Nov 2025. This volume reflects a 71.42% increase compared to the five-day average delivery volume, suggesting a growing conviction among investors to hold the stock rather than engage in short-term trading. Liquidity remains robust, with the stock supporting trade sizes up to ₹4.81 crore based on 2% of the five-day average traded value, facilitating smooth execution for institutional and retail participants.
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The surge in open interest, coupled with rising volumes, often points to a shift in market positioning. In the case of Persistent Systems, the increase in OI by nearly 4,931 contracts suggests that new positions are being established rather than closed out. This can be interpreted as traders and investors taking fresh directional bets on the stock’s future price movement.
Given the stock’s recent price appreciation and its standing above multiple moving averages, market participants may be positioning for continued upside. The derivatives data supports this view, as the build-up in open interest typically accompanies a strengthening trend. However, it is important to consider that elevated open interest can also reflect hedging activity or increased speculative interest, which may introduce volatility in the near term.
Persistent Systems’ market capitalisation stands at approximately ₹1,00,991.55 crore, categorising it as a mid-cap stock within the Computers - Software & Consulting sector. This sizeable market cap, combined with the stock’s liquidity profile, makes it an attractive candidate for both institutional and retail investors seeking exposure to the technology services space.
Comparing the stock’s one-day return of 1.36% against the sector’s 0.22% and the Sensex’s 0.62% returns on the same day, Persistent Systems has demonstrated relative strength. This outperformance aligns with the observed derivatives market activity and suggests that the stock is garnering increased investor interest amid broader market conditions.
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Analysing the derivatives positioning further, the futures value of ₹66,774.23 lakhs indicates significant capital allocation towards directional bets in the stock. The options market, with its substantially higher notional value, suggests active hedging and speculative strategies are in play. This dual activity in futures and options markets often reflects a nuanced market sentiment where participants seek to balance risk and reward amid evolving price dynamics.
Investors and traders should also note the rising delivery volumes, which imply a strengthening base of shareholders willing to hold the stock beyond intraday or short-term horizons. This trend can provide a stabilising influence on the stock price, reducing the likelihood of sharp corrections in the immediate term.
While the current data points to a positive market assessment of Persistent Systems, it remains prudent to monitor ongoing derivatives activity and price action for signs of changing sentiment. Sudden spikes in open interest or volume can sometimes precede volatility, especially if accompanied by large option expiry events or macroeconomic developments impacting the technology sector.
In conclusion, Persistent Systems is currently exhibiting characteristics of increased market engagement through its derivatives segment, supported by favourable price momentum and rising investor participation. These factors collectively contribute to a dynamic trading environment, offering opportunities for market participants to analyse and capitalise on emerging trends within this mid-cap technology stock.
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