Persistent Systems is currently trading at Rs. 547.85, up by 0.75 points or 0.14% from its previous closing of Rs. 547.10 on the BSE.
The scrip opened at Rs. 547.10 and has touched a high and low of Rs. 553.80 and Rs. 541.75 respectively. So far 230 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 589.50 on 23-Jan-2013 and a 52 week low of Rs. 317.05 on 17-Apr-2012.
Last one week high and low of the scrip stood at Rs. 555.85 and Rs. 532.85 respectively. The current market cap of the company is Rs. 2184.00 crore.
The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 33.98% and 27.06% respectively.
Persistent Systems, the global leader in software product and technology services, will be opening a new facility in Bangalore at G GR Towers, Sarjapur Road. The company has planned this move in line with on-going expansion strategy.
Persistent Systems’ Bangalore facility will house more than 150 employees and support product development, client delivery and sales. The company plans to recruit locally, leveraging the Silicon Valley-like combination of talent and partnership opportunities. The Bangalore office will be Persistent Systems’ fifth office in India adding to its presence in Pune, Goa, Nagpur and Hyderabad.
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.