PERSISTENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | PERSISTENT | Market Cap | 78,761 Cr. | Current Price | 4,993 ₹ | High / Low | 6,599 ₹ |
| Stock P/E | 46.3 | Book Value | 425 ₹ | Dividend Yield | 0.70 % | ROCE | 35.6 % |
| ROE | 26.8 % | Face Value | 5.00 ₹ | DMA 50 | 5,068 ₹ | DMA 200 | 5,425 ₹ |
| Chg in FII Hold | -0.68 % | Chg in DII Hold | 0.67 % | PAT Qtr | 420 Cr. | PAT Prev Qtr | 452 Cr. |
| RSI | 49.5 | MACD | -23.8 | Volume | 6,41,552 | Avg Vol 1Wk | 6,25,010 |
| Low price | 4,449 ₹ | High price | 6,599 ₹ | PEG Ratio | 1.63 | Debt to equity | 0.06 |
| 52w Index | 25.3 % | Qtr Profit Var | 49.6 % | EPS | 104 ₹ | Industry PE | 20.7 |
📊 Chart Analysis: PERSISTENT trades at ₹4,993, below both its 50 DMA (₹5,068) and 200 DMA (₹5,425), showing weak technical positioning. RSI at 49.5 is neutral, while MACD at -23.8 indicates bearish momentum. Bollinger Bands suggest consolidation with price hovering near the mid-range. Current volume (6,41,552) is slightly above the weekly average (6,25,010), reflecting steady participation.
📈 Momentum Signals: Short-term momentum is neutral to slightly bearish, supported by price weakness below moving averages and negative MACD. RSI suggests balance between buyers and sellers, with limited upside unless price breaks above resistance.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹4,900–₹5,000 (near support levels)
- 📉 Stop-Loss: ₹4,800 (below recent support)
- 🚀 Exit Zone: ₹5,100–₹5,200 (near 50 DMA resistance)
🔎 Trend Status: The stock is currently consolidating between ₹4,900–₹5,200. A breakout above ₹5,425 (200 DMA) could trigger bullish momentum, while a drop below ₹4,800 may signal reversal to weakness.
Positive
- 📌 EPS at ₹104, showing strong earnings per share.
- 📌 ROCE (35.6%) and ROE (26.8%), reflecting excellent capital efficiency.
- 📌 Dividend yield at 0.70%, providing modest income potential.
- 📌 DII holding increased (+0.67%), reflecting domestic institutional support.
- 📌 PEG ratio at 1.63, suggesting fair valuation relative to growth.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing technical weakness.
- ⚠️ RSI neutral, indicating lack of strong momentum.
- ⚠️ High P/E ratio (46.3) compared to industry average (20.7), suggesting overvaluation.
Company Negative News
- ❌ PAT declined from ₹452 Cr. to ₹420 Cr., showing reduced profitability.
- ❌ FII holding decreased (-0.68%), reflecting reduced foreign investor confidence.
Company Positive News
- ✅ Quarterly profit variation improved (+49.6%), showing operational recovery.
- ✅ EPS at ₹104, reflecting strong earnings base.
Industry
- 🏭 Industry PE at 20.7, much lower than PERSISTENT’s P/E (46.3), suggesting premium pricing.
- 🏭 IT services and digital transformation sector demand supported by global enterprise adoption and cloud growth.
Conclusion
📌 PERSISTENT is consolidating with neutral technical signals and strong fundamentals. Entry near ₹4,900–₹5,000 offers favorable risk-reward, with resistance at ₹5,100–₹5,200 as the next target. Long-term investors may benefit from its high ROE/ROCE and strong EPS, while short-term traders should watch MACD and resistance levels for potential breakout opportunities.
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