Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Persistent Systems is something that has been an underdog for some time now. I would have avoided this stock completely. If you see the charts, it has been falling consistently."
At 10:45 hrs Persistent Systems was quoting at Rs 664.50, down Rs 55.75, or 7.74 percent. It has touched a 52-week low of Rs 656.50.
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