Persistent Systems is currently trading at Rs. 564.50, up by 5.55 points or 0.99% from its previous closing of Rs. 558.95 on the BSE.
The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 568.45 and Rs. 560.00 respectively.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 739.90 on 23-Jan-2020 and a 52 week low of Rs. 420.00 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 574.60 and Rs. 524.90 respectively. The current market cap of the company is Rs. 4271.78 crore.
The promoters holding in the company stood at 31.44%, while Institutions and Non-Institutions held 44.76% and 23.80% respectively.
Persistent Systems and IBM have entered into new collaboration to help accelerate IBM Cloud Pak deployments to speed clients’ enterprise modernization and their move to the cloud. Persistent also announced a new IBM Cloud Pak deployment practice to help organizations migrate and modernize IBM workloads across all cloud environments, including IBM public cloud and IBM Cloud services.
Persistent has been an IBM Business Partner for more than 17 years. Persistent’s expertise in solution development helps clients upgrade and migrate critical applications by leveraging the IBM Cloud Pak portfolio, including IBM Cloud Paks for Data, Automation, and Security. IBM Cloud Paks are enterprise-ready containerized software solutions built on Red Hat OpenShift, designed to provide an open, faster and more secure way to move core business applications across all cloud environments, including IBM public cloud and IBM Cloud services.
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.