Persistent Systems gains on inking definitive pact to acquire ‘rCloud’

Persistent Systems Ltd. | IT - Software | IT & ITES | BSE: 533179 | NSE: PERSISTENT

12 Oct 2012 Evaluate

Persistent Systems is currently trading at Rs. 427.10, up by 3.90 points or 0.92% from its previous closing of Rs. 423.20 on the BSE.

The scrip opened at Rs. 423.90 and has touched a high and low of Rs. 429.00 and Rs. 423.00 respectively. So far 3622 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 443.10 on 03-Oct-2012 and a 52 week low of Rs. 290.00 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 434.90 and Rs. 408.60 respectively. The current market cap of the company is Rs. 1708.40 crore.

The promoters holding in the company stood at 38.95% while Institutions and Non-Institutions held 34.68% and 26.37% respectively.

Persistent Systems has signed a definitive agreement through its step-down subsidiary in the United States to acquire ‘rCloud’, an innovative cloud platform business from Doyenz, Inc.

rCloud is a business continuity solution which provides backup and disaster recovery for physical and virtual servers on the cloud for SMBs. The closing of the transaction is subject to satisfaction of customary conditions.

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

4829.00 60.40 (1.27%)

09-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2047.75
Infosys	1050.05
HCL Technologies	1149.60
Wipro	172.75
Tech Mahindra	1424.25
View more..

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