Persistent Systems share price falls 3%, drops 9% YTD; should investors buy or book profits?

Persistent Systems share price dropped nearly 3 per cent in intraday trade on the BSE on Thursday, June 19, looking set to extend losses to the second consecutive session. Persistent Systems share price opened at ₹ 6,013.50 against its previous close of ₹ 6,025.30 and dropped 2.6 per cent to hit an intraday low of ₹ 5,866.60. Around 11:25 AM, the IT stock traded 2.32 per cent down at ₹ 5,885.80. Equity benchmark Sensex was 0.05 per cent down at 81,401 at that time.
Persistent Systems share price has declined about 9 per cent year-to-date (YTD), underperforming the sectoral benchmark Nifty IT which has climbed over 4 per cent this year so far.
The stock hit a 52-week low of ₹ 3,765.20 on June 19 last year and a 52-week high of ₹ 6,788.80 on December 20.
(This is a developing story. Please check back for fresh updates.)

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