Persistent Systems Ltd.

BSE: 533179 | NSE: PERSISTENT
Mid Cap | IT - Software
6355.70
-80.30 (-1.25%)
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Persistent Systems gains on acquiring Herald Health

Date: 06-09-2018

Persistent Systems is currently trading at Rs. 812.00, up by 5.45 points or 0.68% from its previous closing of Rs. 806.55 on the BSE.

The scrip opened at Rs. 812.00 and has touched a high and low of Rs. 818.45 and Rs. 812.00 respectively. So far 25 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. 800.00 respectively. The current market cap of the company is Rs. 6452.40 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 has acquired Herald Health, a startup created to transform the data overload swamping healthcare professionals into clear and actionable insights.

This acquisition further strengthens the company’s IP portfolio in healthcare that includes the co-innovation work with leading university health systems and research organizations, as well as solutions that we've built jointly with the company’s partner ecosystem. Herald Health has developed a nationally recognized product bringing intelligent workflows and care delivery processes needed for digital transformation in healthcare.

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.