Persistent Systems Faces Market Sentiment Shift Amid Broader IT Sector Trends

Jan 27 2025 10:15 AM IST
share
Share Via
Persistent Systems, a key player in the IT software sector, saw a decline on January 27, 2025, reversing two days of gains. The stock remains above several moving averages despite a monthly decrease. Its performance indicates relative stability amid broader market challenges, reflecting its significant role in the industry.
Persistent Systems, a prominent player in the IT software industry, has experienced a notable decline of 3.17% on January 27, 2025. This performance marks a reversal after two consecutive days of gains, indicating a shift in market sentiment. The stock underperformed the sector by 1.65%, reflecting broader market trends.

During the trading session, Persistent Systems reached an intraday low of Rs 6178.8, down 2.92%. Despite this setback, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is currently below the 20-day moving average.

In terms of monthly performance, Persistent Systems has seen a decrease of 3.62%, which is slightly better than the Sensex's decline of 3.68%. This performance highlights the stock's relative stability in a challenging market environment. As a large-cap company, Persistent Systems continues to play a significant role in the IT software sector, navigating the complexities of market fluctuations while maintaining a solid position among its peers.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News