Persistent Systems’ market cap hits Rs 1 trillion; zooms 101% from June low

Persistent Systems has joined the elite group of companies having a market capitalisation (market cap) of Rs 1 trillion after the stock price of the information technology (IT) company hit a new high of Rs 6,505.70, gaining 3 per cent on the BSE in Thursday’s intra-day trade. The stock has zoomed 101 per cent from its June month low of Rs 3,232.60 after it posted strong earnings, along with guiding for healthy growth going forward.