The company announced it is working with IBM to improve and transform engineering processes, integrating new specialized consulting services via the IBM Watson Internet of Things (IoT) Platform to help engineers integrate massive amount of data from the IoT into product development.
Persistent Systems Ltd stock was higher by 12% at Rs. 750.
Persistent Systems Ltd stock was higher by 12% at Rs. 750.
The company announced it is working with IBM to improve and transform engineering processes, integrating new specialized consulting services via the IBM Watson Internet of Things (IoT) Platform to help engineers integrate massive amount of data from the IoT into product development.
Persistent has more than 1,000 engineers dedicated to the IBM Watson IoT Platform and IBM IoT Continuous Engineering solutions, and the new specialized services around engineering, software development and data analytics will provide clients with the necessary skills and steps to adopt more agile practices for engineering.
The scrip opened at Rs. 690 and has touched a high and low of Rs. 796.75 and Rs. 690 respectively. So far 40351(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5358 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 820 on 20-May-2015 and a 52 week low of Rs. 562.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 680 and Rs. 590 respectively.
The promoters holding in the company stood at 38.53 % while Institutions and Non-Institutions held 34.31 % and 22.18 % respectively.
The stock is currently trading below its 200 DMA.
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