Persistent Systems moves up as its arm inks agreements with IBM

08 Mar 2016

Persistent Systems is currently trading at Rs. 607.00, up by 0.30 points or 0.05% from its previous closing of Rs. 606.70 on the BSE.

The scrip opened at Rs. 610.50 and has touched a high and low of Rs. 616.65 and Rs. 607.00 respectively. So far 3456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 942.48 on 09-Mar-2015 and a 52 week low of Rs. 562.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 627.80 and Rs. 582.25 respectively. The current market cap of the company is Rs. 4888.00 crore.

The promoters holding in the company stood at 38.53% while Institutions and Non-Institutions held 34.31% and 22.18% respectively.

Persistent Systems’ wholly-owned subsidiary - Persistent Systems Inc., has entered into agreements on March 07, 2016, with International Business Machines Corporation (IBM) to develop, support, and create new products based upon, an IBM data management software product.

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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Persistent Systems Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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