Persistent Systems climbs 2.7 %; to sign acquisition deals

The company announced its plans to sign acquisition deals with large companies in near future.

Persistent Systems rallied 2.7 % to Rs. 679.95 after the company announced its plans to sign acquisition deals with large companies in near future.

The scrip opened at Rs. 667 and has touched a high and low of Rs. 695 and Rs. 666.6 respectively. So far 197921(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5294.4 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. 680 and Rs. 655.9 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 below its 200 DMA.