PERSISTENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | PERSISTENT | Market Cap | 75,720 Cr. | Current Price | 4,800 ₹ | High / Low | 6,599 ₹ |
| Stock P/E | 44.5 | Book Value | 425 ₹ | Dividend Yield | 0.73 % | ROCE | 35.6 % |
| ROE | 26.8 % | Face Value | 5.00 ₹ | DMA 50 | 5,178 ₹ | DMA 200 | 5,505 ₹ |
| Chg in FII Hold | -0.68 % | Chg in DII Hold | 0.67 % | PAT Qtr | 420 Cr. | PAT Prev Qtr | 452 Cr. |
| RSI | 36.8 | MACD | -72.2 | Volume | 5,90,892 | Avg Vol 1Wk | 7,29,509 |
| Low price | 4,449 ₹ | High price | 6,599 ₹ | PEG Ratio | 1.57 | Debt to equity | 0.06 |
| 52w Index | 16.3 % | Qtr Profit Var | 49.6 % | EPS | 104 ₹ | Industry PE | 21.6 |
Chart Patterns & Moving Averages: PERSISTENT is trading below both its 50 DMA (₹5,178) and 200 DMA (₹5,505), confirming medium-term weakness. Price action shows support near ₹4,450–₹4,500 and resistance around ₹5,150–₹5,200.
RSI & Momentum: RSI at 36.8 indicates oversold conditions, suggesting potential rebound. MACD at -72.2 is bearish, confirming downward bias.
Bollinger Bands: Price is near the lower band, reflecting oversold territory and possible consolidation.
Volume Trends: Current volume (5.9L) is below average (7.3L), showing reduced participation and weakening conviction.
Entry/Exit Zones:
- **Entry:** ₹4,450–₹4,500 (near support zone)
- **Exit:** ₹5,150–₹5,200 (resistance zone)
- **Stop-loss:** ₹4,400 (below support)
Trend Status: Downtrend with oversold signals; potential consolidation before reversal attempts.
Positive
- Strong ROCE (35.6%) and ROE (26.8%).
- EPS at ₹104 supports earnings strength.
- PEG ratio at 1.57 indicates fair growth-adjusted valuation.
- Debt-to-equity ratio at 0.06 shows low leverage.
- DII holding increased (+0.67%).
Limitation
- Price trading below both DMA 50 and DMA 200.
- RSI and MACD show weak momentum.
- PAT declined sequentially (₹452 Cr → ₹420 Cr).
- FII holding reduced (-0.68%).
Company Negative News
- Sequential profit decline impacting earnings visibility.
- FII outflows indicate weaker foreign confidence.
- Technical weakness with price below key moving averages.
Company Positive News
- DII inflows show domestic institutional confidence.
- Strong fundamentals with high efficiency ratios.
- PEG ratio suggests valuation is not excessively stretched.
Industry
- Industry PE at 21.6, lower than PERSISTENT’s valuation (44.5), highlighting premium pricing.
- IT services sector supported by digital transformation demand.
- Competitive peers with similar growth but lower valuations.
Conclusion
PERSISTENT is in a downtrend with weak technical momentum but strong fundamentals. Entry near ₹4,450–₹4,500 offers potential rebound toward ₹5,150–₹5,200, with strict stop-loss discipline at ₹4,400. Suitable for cautious swing trades; long-term investors should monitor earnings growth and valuation risks.
This HTML report captures PERSISTENT’s oversold technical setup alongside strong fundamentals, highlighting tactical entry/exit zones for disciplined trading. Would you like me to extend this into a sector overlay comparing PERSISTENT with Infosys, TCS, and HCL Tech to benchmark relative strength and valuation positioning?