PERSISTENT.NS vs. M&M.NS

Last updated Jun 5, 2026

PERSISTENT.NS (Persistent Systems Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. PERSISTENT.NS operates in Information Technology Services (Technology), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, PERSISTENT.NS returned 31.72%/yr vs 16.84%/yr for M&M.NS. At a 0.16 correlation, their price movements are largely independent.

Performance

PERSISTENT.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Persistent Systems Limited (PERSISTENT.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PERSISTENT.NS having a -17.85% return and M&M.NS slightly lower at -18.69%. Over the past 10 years, PERSISTENT.NS has outperformed M&M.NS with an annualized return of 31.72%, while M&M.NS has yielded a comparatively lower 16.84% annualized return.

PERSISTENT.NS

• 1D: 0.82%
• 1M: 0.13%
• YTD: -17.85%
• 6M: -21.15%
• 1Y: -9.42%
• 3Y*: 26.20%
• 5Y*: 33.97%
• 10Y*: 31.72%

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PERSISTENT.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PERSISTENT.NS Persistent Systems Limited	-17.85%	-2.78%	76.27%	93.42%	-20.54%	226.48%	130.23%	9.38%	-11.83%	18.23%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.82%

Correlation

The correlation between PERSISTENT.NS and M&M.NS is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.16

Return for Risk

PERSISTENT.NS vs. M&M.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PERSISTENT.NS

PERSISTENT.NS Risk / Return Rank: 32
PERSISTENT.NS Sharpe Ratio Rank: 33
PERSISTENT.NS Sortino Ratio Rank: 29
PERSISTENT.NS Omega Ratio Rank: 29
PERSISTENT.NS Calmar Ratio Rank: 35
PERSISTENT.NS Martin Ratio Rank: 34

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PERSISTENT.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persistent Systems Limited (PERSISTENT.NS) and Mahindra & Mahindra Limited (M&M.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PERSISTENT.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	-0.02	-0.17
Sortino ratio: Return per unit of downside risk	-0.04	0.17	-0.21
Omega ratio: Gain probability vs. loss probability	1.00	1.02	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.21	-0.02	-0.19
Martin ratio: Return relative to average drawdown	-0.43	-0.04	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PERSISTENT.NS vs. M&M.NS - Sharpe Ratio Comparison

The current PERSISTENT.NS Sharpe Ratio is -0.19, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of PERSISTENT.NS and M&M.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PERSISTENT.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.02	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	1.15	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.57	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.19	+0.68

Drawdowns

PERSISTENT.NS vs. M&M.NS - Drawdown Comparison

The maximum PERSISTENT.NS drawdown since its inception was -46.47%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for PERSISTENT.NS and M&M.NS.

Drawdown Indicators

	PERSISTENT.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-94.09%	+47.62%
Max Drawdown (1Y) Largest decline over 1 year	-30.80%	-22.91%	-7.89%
Max Drawdown (3Y) Largest decline over 3 years	-34.28%	-22.91%	-11.37%
Max Drawdown (5Y) Largest decline over 5 years	-36.12%	-28.09%	-8.03%
Max Drawdown (10Y) Largest decline over 10 years	-46.13%	-72.28%	+26.15%
Current Drawdown Current decline from peak	-22.67%	-20.68%	-1.99%
Average Drawdown Average peak-to-trough decline	-16.89%	-31.10%	+14.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.83%	9.68%	+5.15%

Volatility

PERSISTENT.NS vs. M&M.NS - Volatility Comparison

Persistent Systems Limited (PERSISTENT.NS) has a higher volatility of 13.66% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that PERSISTENT.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PERSISTENT.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.66%	6.92%	+6.74%
Volatility (6M) Calculated over the trailing 6-month period	26.72%	21.45%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	33.81%	26.75%	+7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.91%	27.81%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.46%	30.40%	+4.06%

Dividends

PERSISTENT.NS vs. M&M.NS - Dividend Comparison

PERSISTENT.NS's dividend yield for the trailing twelve months is around 0.72%, less than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%
PERSISTENT.NS Persistent Systems Limited	0.72%	0.56%	0.40%	0.68%	0.80%	0.41%	0.79%	1.64%	1.60%	1.26%	1.30%	1.56%

Financials

Frequently Asked Questions

Can I hold both PERSISTENT.NS and M&M.NS in my portfolio?

PERSISTENT.NS and M&M.NS have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.