Persistent Systems Ltd.

Persistent Systems is currently trading at Rs. 628.00, up by 9.60 points or 1.55% from its previous closing of Rs. 618.40 on the BSE.

The scrip opened at Rs. 616.50 and has touched a high and low of Rs. 629.75 and Rs. 616.45 respectively. So far 1696 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 957.50 on 21-Jan-2015 and a 52 week low of Rs. 577.00 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 648.00 and Rs. 612.80 respectively. The current market cap of the company is Rs. 5032.80 crore.

The promoters holding in the company stood at 38.53% while Institutions and Non-Institutions held 28.36% and 33.11% respectively.

Persistent Systems’ U.S. subsidiary has signed an agreement with Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc., to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction. These products will add to the portfolio of products of Accelerite, the products business of Persistent Systems.The closing of the transaction is subject to customary closing conditions and is expected to close in Persistent's fourth quarter ending March 31, 2016.

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.