Persistent Systems share price crashes 9% to hit a 52-week low; is it a stock to buy?

Persistent Systems shares fell 9 percent to a 52-week low of about ₹4,404 amid broad-based selling in the IT sector. The stock opened at ₹4,500 against the previous close of ₹4,840.45, while the BSE Information Technology index declined 1 percent.