Persistent Systems share price surges 12% to record high after strong Q2 results. Should you buy, sell or hold?

Persistent Systems share price jumped nearly 12% to touch all-time high levels following strong Q2 results. In the quarter that ended September, the company’s consolidated net profit rose by 23.44% to reach ₹324.9 crore, compared to ₹263.2 crore in the same period last year. The revenue from operations for the quarter increased by 20.13% to ₹2,897.1 crore from ₹2,411.6 crore in the September FY24 quarter.