CMP: 321

Persistent Systems Limited offers outsourced software product development. The Company offer services that include testing, support, and professional services.

Persistent Systems is a decent bet in mid-cap space. Its currently trading at a P/E of little less than 10. Decent dividend yields of 1.70%. It has just listed in secondary market a year back. Minimal liabilities makes it a safe bet. Revenues have grown from 297 Crores to 610 Crores in the last 5 years. Profits have picked up from 63 Crores to 133 Crores over 5 years. NPM has been stable at 20%. Since its not a growth stock, traders can look to use it as short term swing trade.