Persistent Systems Ltd.

Persistent Systems is currently trading at Rs. 2369.10, up by 38.75 points or 1.66% from its previous closing of Rs. 2330.35 on the BSE.

The scrip opened at Rs. 2375.00 and has touched a high and low of Rs. 2378.50 and Rs. 2333.20 respectively. So far 2184 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2440.00 on 19-May-2021 and a 52 week low of Rs. 516.35 on 21-May-2020.

Last one week high and low of the scrip stood at Rs. 2440.00 and Rs. 2185.25 respectively. The current market cap of the company is Rs. 18147.88 crore.

The promoters holding in the company stood at 31.29%, while Institutions and Non-Institutions held 48.85% and 19.86% respectively.

Persistent Systems has entered into an agreement dated May 20, 2021 with Sureline Systems Inc. and its subsidiary Sureline Systems India (together 'Sureline Systems') for acquisition of selected contracts, IP, employees and assets used in the business from Sureline Systems. The acquired entity serves all industries with cloud migration and modernization needs. The acquisition bolsters the Cloud Advisory Services, Cloud Migration and Modernization Offerings, Multi-Cloud Managed Services of the listed entity.

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.