Prefer Persistent Systems, says Avinash Gorakshakar

Avinash Gorakshakar, Market Expert told CNBC-TV18, "RS Software had shot up once the demonetisation announcement came in. This stock has been in the limelight because of the payment gateway solutions which this software company provides. But I would believe for a longer term investment one could possibly look at a stock like Persistent, it has now recently tied up with a US software company for payment solutions and I think this is a more dependable player.""RS Software can be considered provided a risk appetite is very high and probably if things go wrong, one has got to be ready for the worst. But Persistent can definitely deliver much superior returns and it is available at a reasonable valuation if one were to look at the next 12-15 months. So, my choice would be Persistent although one could definitely look at RS Software from a longer term perspective," he added.