ICICI Securities has maintained a 'Reduce' rating on Persistent Systems Ltd (PSYS), setting a revised target price of Rs 4,550.

Indian markets witnessed volatility during the last week's trade and we also witnessed a surprise recovery of nearly 550 points in NSE Nifty 50 from lower levels on Friday.

Persistent Systems stock opened today at Rs 6,200 and soon witnessed sustained buying to its 52-week high at Rs 6,374. The stock was trading at Rs 6,326 at the time of publication of this report.

Ramco Cements, Persistent Systems, Coforge, Laurus Labs and HDFC Bank Shares witnessed strong bullish momentum on the weekly technical charts.

Persistent Systems shares closed the session on Friday with 1.3 percent gains. The stock has offered 10 percent return to investors over the past one month.

CoForge, Persistent Systems, Sonata Software and RailTel Shares were in high demand on Tuesday on back of positive news on these counters. CoForge was trading 8 percent higher with strong volumes.