New Delhi, June 19 -- 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 Rs.6,013.50 against its previous close of Rs.6,025.30 and dropped 2.6 per cent to hit an intraday low of Rs.5,866.60. Around 11:25 AM, the IT stock traded 2.32 per cent down at Rs.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 Rs.3,765.20 on June 19 last year and a...