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NEW YORK ( TheStreet) -- Syntel (Nasdaq: SYNT) hit a new 52-week high Friday as it is currently trading at $59.73, above its previous 52-week high of $59.62 with 18,587 shares traded as of 10:27 a.m. ET. Average volume has been 158,100 shares over the past 30 days. Syntel has a market cap of $2.4 billion and is part of the technology sector and computer software & services industry. Shares are up 23.7% year to date as of the close of trading on Thursday. Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 21.3, below the average computer software & services industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.