Persistent Systems is currently trading at Rs. 7310.00, up by 44.65 points or 0.61% from its previous closing of Rs. 7265.35 on the BSE.
The scrip opened at Rs. 7287.35 and has touched a high and low of Rs. 7387.90 and Rs. 7265.00 respectively. So far 9931 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7550.00 on 28-Dec-2023 and a 52 week low of Rs. 3841.00 on 06-Jan-2023.
Last one week high and low of the scrip stood at Rs. 7430.00 and Rs. 7162.00 respectively. The current market cap of the company is Rs. 56158.33 crore.
The promoters holding in the company stood at 31.06%, while Institutions and Non-Institutions held 50.01% and 18.93% respectively.
Persistent Systems has entered into multi-year strategic collaboration agreement with Amazon Web Services (AWS) to accelerate the pace of innovation and development of generative AI solutions for clients. Persistent is a long-standing AWS Partner and has a proven track record of early scale generative AI adoption across multiple industry verticals leveraging services like Amazon CodeWhisperer and Amazon Bedrock. Amazon CodeWhisperer provides generative AI-powered code recommendations directly in multiple integrated development environments (IDEs) to help developers build applications quickly in more than 15 coding languages; Amazon Bedrock is a fully managed service that makes foundation models (FMs) from leading AI companies accessible via an API to build and scale generative AI applications.
This strategic collaboration with AWS will help Persistent to further increase the impact it delivers to its clients that are embracing generative AI. Through this teaming, Persistent will have access to additional resources from AWS to build proofs of concept to help clients identify tangible business outcomes from generative AI. This will also support use case discovery and rapid build out of solutions with additional go-to-market funds from AWS. One of the key benefits to combined clients will be continued early access to AWS’s generative AI services and investments that will help clients with their aspirations around growth, time-to-market, and better customer experience.
Persistent Systems is a global company specializing in software product and technology services.
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