Persistent Systems trades jubilantly on investing in Boston based DxNow

19 Dec 2013 Evaluate

Persistent Systems is currently trading at Rs. 940.00, up by 36.25 points or 4.01% from its previous closing of Rs. 903.75 on the BSE.

The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 944.00 and Rs. 888.60 respectively. So far 5705 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 942.95 on 17-Dec-2013 and a 52 week low of Rs. 477.00 on 03-Jul-2013.

Last one week high and low of the scrip stood at Rs. 944.00 and Rs. 861.10 respectively. The current market cap of the company is Rs. 3670.60 crore.

The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 36.51% and 24.53% respectively.

Persistent Systems, the global leader in software product and technology services, has invested in DxNow, a privately held Boston company that is developing advanced micro-fluidic and imaging technologies for point-of-care diagnostic solutions. DxNow is the second recipient to receive seed money from the Persistent Venture Fund, an early-stage investment fund announced last month, focused on supporting innovation in areas of Persistent’s expertise and involving social, mobile, analytics and cloud computing (SMAC) technologies.

DxNow products and technologies will be initially applied to infection detection in renal dialysis patients and will subsequently address applications in forensics, male fertility, global health and rapid detection of microbial species in the environment to ensure public health and safety.

Persistent Systems is an OPD specialty company, offering the customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers’ existing software products. It delivers services across all stages of the product life-cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers’ software products.

 

Persistent Systems Share Price

3434.70 24.65 (0.72%)
03-Jun-2024 16:01 View Price Chart
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