Shares of Persistent Systems were under pressure in today’s trading session as investors turned cautious ahead of the company’s Q3 results announcement.
During the session, Persistent Systems touched an intraday low of ₹6,320.00 and a high of ₹6,491.00. The stock opened at ₹6,419.50 compared with the previous close of ₹6,438.00. As of 11:43 AM, trading volume stood at 2,90,926 shares.
The recent decline comes despite the stock trading close to its 52-week high of ₹6,599.00. Over the past year, Persistent Systems has delivered strong returns, rebounding sharply from its 52-week low of ₹4,148.95. However, ahead of quarterly results, investors appear to be adopting a wait-and-watch approach, leading to mild selling pressure.
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