Persistent share price today faced heavy selling pressure. On February 4, 2026, the stock fell as much as 7.5% to an intraday low of ₹5,804. This sharp move fits into a tough day for the whole Indian IT sector.
Several things came together to push Persistent share price today lower. First, US tech stocks took a hit overnight. The Nasdaq dropped 1.4%, and Indian IT ADRs like Infosys and Wipro fell up to 5.5% before our market opened. Reports of cooling ties between Nvidia and OpenAI over new AI chips added to the worry. Persistent, with its big focus on AI work, felt the ripple effect.
The stronger Indian rupee made things worse. On February 3-4, the rupee was Asia’s top performer against the dollar. Most IT firms earn in dollars but pay salaries and costs in rupees. A stronger rupee squeezes profit margins. The recent India-US trade deal helped lift the rupee, but it acted like a roadblock for export-focused stocks like Persistent.
Also Read: Anthropic AI Sparks Massive Sell-Off: What’s Behind the “SaaSpocalypse” in Tech Stocks?
Latest results also played a role. In Q3 FY26, revenue grew a healthy 17.3% year-on-year. But profit after tax fell 6.8% from the previous quarter. New labour codes brought a one-time hit: 2.3% on EBIT margins and 1.8% on PAT due to extra provisions for gratuity and leave. A wage hike from October 2025 added more pressure. The stock trades at a high 55x-60x P/E ratio, much above the industry average of around 28x. That leaves little room for mistakes.
From a technical view, Persistent share price today broke below its 5-day, 20-day, and 100-day moving averages. The stock has a high beta of about 1.53, so it moves harder than the broader market.
Persistent Share Price Today
| Factor | Details |
|---|---|
| Intraday Low | 7.5% drop to ₹5,804 |
| Q3 EBIT Margin | 14.4% (down 230 bps from labour codes) |
| Dividend | ₹22 interim for FY26 |
| Sector Trend | Nifty IT down over 5-6% |
Persistent share price today reflects wider market fears. But some brokerages like Motilal Oswal stay positive. They point to the strong AI pipeline and aim for $2 billion revenue by FY27, with targets up to ₹8,500.
Disclaimer: This content is for informational purposes only and should not be considered professional [financial/legal/medical] advice. Always seek the advice of a qualified professional before making any decisions based on this information.
Sources & References
- https://www.marketsmojo.com/news/stocks-in-action/persistent-systems-ltd-opens-with-significant-gap-down-amid-market-concerns-3820036#:~:text=13%20minutes%20ago,after%20a%20three%2Dday%20rally.
- https://m.economictimes.com/markets/stocks/live-blog/bse-sensex-today-nifty-50-stock-market-live-updates-gift-nifty-budget-2026-trump-trade-deal-tariff-rate-cut-share-price-04-feb-2026/liveblog/127897795.cms#:~:text=The%20sharp%20sell%2Doff%20in,support%20for%20a%20prolonged%20rally.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
