Persistent Systems Ltd.

Persistent Systems is currently trading at Rs. 646.00, up by 1.45 points or 0.22% from its previous closing of Rs. 644.55 on the BSE.

The scrip opened at Rs. 647.45 and has touched a high and low of Rs. 647.95 and Rs. 644.00 respectively. So far 1678 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 706.95 on 05-Oct-2016 and a 52 week low of Rs. 501.10 on 28-Sep-2016.

Last one week high and low of the scrip stood at Rs. 655.50 and Rs. 633.85 respectively. The current market cap of the company is Rs. 5160.00 crore.

The promoters holding in the company stood at 30.66%, while institutions and non-institutions held 36.43% and 32.91% respectively.

Persistent Systems’ wholly owned subsidiary in Germany namely, Persistent Systems Germany GmbH has completed the acquisition of PARX Werk AG, Switzerland (PARX) on July 31, 2017.

Earlier, Persistent Systems Germany GmbH had entered into an agreement with PARX on July 21, 2017 to acquire PARX, a Salesforce Certified Platinum Partner in DACH region. The acquisition was subject to customary closing conditions which were expected to get completed within 3-4 weeks.

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.