Persistent Systems gains 1% after acquiring Akumina

The IT Company has signed an agreement with Akumina to acquire the assets and hire the employees of Akumina's content management services business.

Persistent Systems has gained 1% at Rs.662 on BSE. The IT Company has signed an agreement with Akumina to acquire the assets and hire the employees of Akumina's content management services business. The scrip opened at Rs. 662 and has touched a high and low of Rs. 666.7 and Rs. 652.05 respectively. So far 7,691 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5244.4 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 960.83 on 02-Jan-2015 and a 52 week low of Rs. 577 on 29-Jun-2015. Last one week high and low of the scrip stood at Rs. 684 and Rs. 630.05 respectively.

The promoters holding in the company stood at 38.53 % while Institutions and Non-Institutions held 28.36 % and 33.11 % respectively.

The stock is currently trading above its 200 DMA.