Persistent Systems is currently the top gainer on the bourses, up over 10% at Rs.738 with an intra day high at Rs.796.75, up 19% - the highest intra day gain since Dec’14. Volumes have jumped up almost 6.5 times.

The company is scheduled to hold an investor/analyst call today evening to give an update on its business outlook. And the word on the street is that the estimates would be upbeat, much optimistic.

The company recently tie-up with IBM Watson Internet of Things platform to provide engineering services and this is expected to push up its earnings for FY17. The company expects to garner an additional 15-20% revenue in FY2017.