Prefer Persistent Systems: Vibhor Singhal

Vibhor Singhal of PhillipCapital told CNBC-TV18, "In midcap we like Persistent Systems; the stock definitely has runup a lot in the past few months. So, the valuations appear a bit expensive but the domain that they are into is very exciting and is the domain of the future. So, they would definitely do well over the next two years. So, Persistent System looks to be the top pick in the midcap."

At 10:44 hrs Persistent Systems was quoting at Rs 1,563, up Rs 3.15, or 0.20 percent.

The share touched its 52-week high Rs 1,654.90 and 52-week low Rs 868.85 on 01 December, 2014 and 09 December, 2013, respectively.