Meanwhile, shares of Persistent Systems (NSE Code – PERSISTENT) rallied over 3% to become one of the top gainers in the IT sector today.
From a technical standpoint, the stock is trading above its 20, 50 and 200-DMA. Interestingly, almost two months later, the stock has risen above its 200-DMA. The 14-period RSI has crossed the level of 74.64 after almost a six-month period, while at the same time, it has registered a new high.
The price per share of the company rose by 3.26% to Rs 5,076.20 today. And it is predicted that the price of this stock will increase in the future. And traders may add the stock to their watchlist to track its growth.
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