Persistent Systems Ltd.

Persistent Systems is currently trading at Rs. 462.00, up by 34.35 points or 8.03% from its previous closing of Rs. 427.65 on the BSE.

The scrip opened at Rs. 441.90 and has touched a high and low of Rs. 476.00 and Rs. 441.90 respectively. So far 107793 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 443.10 on 03-Oct-2012 and a 52 week low of Rs. 290.00 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 476.00 and Rs. 416.00 respectively. The current market cap of the company is Rs. 1840.00 crore.

The promoters holding in the company stood at 38.95% while Institutions and Non-Institutions held 34.68% and 26.37% respectively.

Persistent Systems has reported results for second quarter ended September 30, 2012.

On standalone basis, the company has posted a rise of 31.82% in its net profit at Rs 41.84 crore for the quarter ended September 30, 2012 as compared to Rs 31.74 crore for the same quarter in the previous year. Total income has increased by 35.74% at Rs 250.41 crore for quarter under review as compared to Rs 184.47 crore for the quarter ended September 30, 2011.

On consolidated basis, the company has posted a rise of 37.73% in its net profit at Rs 44.64 crore for the quarter ended September 30, 2012 as compared to Rs 32.41 crore for the same quarter in the previous year. Total income has increased by 37.24% at Rs 326.86 crore for quarter under review as compared to Rs 238.17 crore for the quarter ended September 30, 2011.

Persistent Systems is an OPD specialty company, offering the customers the benefits of offshore delivery. It designs, develops and maintains software systems and solutions, creates new applications and enhances the functionality of the customers’ existing software products. It delivers services across all stages of the product life-cycle, which enables it to work with a wide-range of customers and allows it to develop, enhance and deploy its customers’ software products.