Persistent Systems is currently trading at Rs. 639.45, up by 5.05 points or 0.80% from its previous closing of Rs. 634.40 on the BSE.
The scrip opened at Rs. 640.00 and has touched a high and low of Rs. 642.00 and Rs. 635.75 respectively. So far 1890 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 796.75 on 21-Mar-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. 647.80 and Rs. 616.80 respectively. The current market cap of the company is Rs. 5088.80 crore.
The promoters holding in the company stood at 36.21%, while Institutions and Non-Institutions held 34.96% and 28.83% respectively.
Persistent Systems has entered into an agreement with USAA, a Fortune 500 financial service provider, for development rights to a number of patented innovations currently in use by USAA related to security in financial services. Through this agreement, the company will extend these technologies and address a growing market opportunity for digital security products and solutions in the financial service industry.
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.