Persistent Systems Ltd.

Persistent Systems is currently trading at Rs. 853.00, up by 16.10 points or 1.92% from its previous closing of Rs. 836.90 on the BSE.

The scrip opened at Rs. 850.00 and has touched a high and low of Rs. 858.00 and Rs. 841.05 respectively. So far 8514 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 890.00 on 14-Aug-2018 and a 52 week low of Rs. 590.00 on 13-Sep-2017.

Last one week high and low of the scrip stood at Rs. 858.00 and Rs. 818.20 respectively. The current market cap of the company is Rs. 6796.80 crore.

The promoters holding in the company stood at 30.43%, while Institutions and Non-Institutions held 41.99% and 27.58% respectively.

Persistent Systems’ US subsidiary -- Persistent Systems Inc. -- has acquired Herald Technologies Inc., a start-up in the US, created to transform the data overload swamping healthcare professionals into clear and actionable insights. The acquired business will strengthen Persistent’s IP led offerings in the Healthcare domain and create a number of cross-sell opportunities. The enterprise value payable for the acquisition of 100% shares of Herald is $5.20 million, subject to customary adjustments for working capital.

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.