Persistent Systems is currently trading at Rs. 1372.00, up by 33.85 points or 2.53% from its previous closing of Rs. 1338.15 on the BSE.
The scrip opened at Rs. 1350.00 and has touched a high and low of Rs. 1400.00 and Rs. 1350.00 respectively. So far 1,760 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1400.00 on 16-Sep-2014 and a 52 week low of Rs. 565.00 on 18-Sep-2013.
Last one week high and low of the scrip stood at Rs. 1400.00 and Rs. 1285.00 respectively. The current market cap of the company is Rs. 5,504.00 crore.
The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 37.19% and 23.84% respectively.
Persistent Systems has entered into a Stock Purchase Agreement (SPA) with Altizon Systems, to invest $100,000 of the company by subscribing to the equity shares of Altizon in one or more tranches from time to time. The company has also remitted its first tranche of investment to Altizon.
Altizon Systems is a Pune based product company focused on the Internet of Things (IoT).
Persistent Systems is a global company specializing in software product and technology services. Persistent develops best-in-class solutions in key next-generation technology areas including Analytics, Big Data, Cloud Computing, Mobility and Social, for the telecommunications, life sciences, healthcare, and banking & financial services verticals.
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