Persistent Systems gains on creating Accelerite to focus on products

20 Mar 2014

Persistent Systems is currently trading at Rs. 1036.50, up by 11.65 points or 1.14% from its previous closing of Rs. 1024.85 on the BSE.

The scrip opened at Rs. 1010.00 and has touched a high and low of Rs. 1037.00 and Rs. 1010.00 respectively. So far 4,971 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1220.00 on 06-Mar-2014 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. 1099.00 and Rs. 1005.90 respectively. The current market cap of the company is Rs. 4,188.00 crore.

The promoters holding in the company stood at 38.96% while Institutions and Non-Institutions held 37.04% and 24.00% respectively.

Persistent Systems, the global leader in software product and technology services, has created Accelerite to take a portfolio of products and related solutions to market. Accelerite will be a business unit of Persistent Systems, headquartered in Silicon Valley and led by Nara Rajagopalan.

The formation of Accelerite will bring product-centric alignment to business models, strategies, sales, and operations. Persistent Systems will continue to focus on product development and technology services where it is a well-respected market leader.

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