Company Profile

PERSISTENT SYSTEMS LTD.

NSE : PERSISTENTBSE : 533179ISIN CODE : INE262H01013Industry : IT - Software House : Persistent Systems
BSE641.25-1.75 (-0.27 % )
PREV CLOSE (Rs.) 643.00
OPEN PRICE (Rs.) 649.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 2957
TODAY'S LOW / HIGH (Rs.)627.05 649.90
52 WK LOW / HIGH (Rs.)420 739.9
NSE641.35 -1.05 (-0.16 % )
PREV CLOSE(Rs.) 642.40
OPEN PRICE (Rs.) 645.00
BID PRICE (QTY) 641.35 (6 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 51519
TODAY'S LOW / HIGH(Rs.) 628.00 645.10
52 WK LOW / HIGH (Rs.)420.05 740

Company News

Date Heading Details
04-Jun-2020 Persistent Systems, IBM to accelerate IBM cloud park deployment <p align="justify">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.</p><p align="justify">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.</p><p align="justify">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 &amp; financial services verticals. <br></p>
04-Jun-2020 GAIL, Jindal Steel & Power and Persistent Systems to see some action today <p align="justify"><strong>GAIL</strong> (India) has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services (EESL) for cooperation in development of Trigeneration projects in India. The MoU aims at building a closer strategic partnership between the two companies by jointly exploring business opportunities in Trigeneration business segment in India. Under this MoU, GAIL &amp; EESL shall jointly undertake studies and if found viable, 50:50 joint venture between GAIL &amp; EESL will be incorporated for undertaking Trigeneration projects. </p><p align="justify"><strong>Jindal Steel &amp; Power</strong> (JSPL) has recorded the highest ever standalone Steel sales of 640,000 tonnes in May 2020, which is a remarkable growth of 28% as compared to sales of 500,000 tonnes during the same period in the previous year. Out of 640,000 tonnes of total standalone sales, 4,01,000 tonnes are export sales. The company has recorded consolidated Steel sales of 7,97,000 tonnes which is a growth of 26% as compared to sales of 631,000 tonnes during the same period in the previous year. The company has recorded Consolidated Steel production of 620,000 tonnes in May 2020.</p><p align="justify"><strong>Persistent Systems</strong> 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.</p><p align="justify"><strong>DCM Shriram's</strong> board has approved an investment proposal for an estimated amount of Rs 42.40 crore to set up Country Liquor bottling plant of capacity of 11,000 cases per day at company's Sugar Unit in Hariawan. The project will facilitate forward integration to company's distillation capacity and also will give swing capability between ethanol &amp; country liquor. The Board of Directors of the company at its meeting held on June 3, 2020 has approved the same. </p><p align="justify"><strong>Gennex Laboratories</strong> has received World Health Organisation Good Manufacturing Practices (WHO-GMP) from the Drug Control Administration, Government of Telangana for a period of 3 years from the date of issue. The list of products approved under WHO-GMP Certificate Scheme for Export purpose includes Guaifenesin USP/BP/IP/EP, Methocarbamol USP/IP, Phenazopyridine HCI USP, Mephenesin BP, Chlorophenesin BP and Allopurinol USP. </p><p align="justify"><strong>Steel Strips Wheels</strong> (SSWL) has bagged firm exports orders for over 8000 wheels for EU &amp; US Truck Trailer Market to be executed in June &amp; July from its Chennai Truck Wheels plant. This marks gradual re-start of operations in EU &amp; US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers as the market begins to recover.</p><p align="justify"><strong>Dixon Technologies'</strong> Joint Venture Company – All Dixon Technologies has entered into Memorandum of Understanding (MoU) with Molbio for manufacturing of Truelab Quattro Real Time Quantitative micro PCR Analyzer machines. These portable machines are capable of performing 40-48 tests per day of critical infectious diseases. These technologically driven machines will be manufactured at AIL Dixon's manufacturing facility situated at Tirupati, Andhra Pradesh, India.<br></p>
04-Jun-2020 Persistent Systems gains on entering into new collaboration with IBM <p align="justify">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.</p><p align="justify">The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 568.45 and Rs. 560.00 respectively. </p><p align="justify">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.</p><p align="justify">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.</p><p align="justify">The promoters holding in the company stood at 31.44%, while Institutions and Non-Institutions held 44.76% and 23.80% respectively.</p><p align="justify">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.</p><p align="justify">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.</p><p align="justify">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 &amp; financial services verticals.<br></p>
08-May-2020 Persistent Systems gains on expanding partnership with Dassault Systemes <div align="justify">Persistent Systems is currently trading at Rs. 542.55, up by 14.45 points or 2.74% from its previous closing of Rs. 528.10 on the BSE.<br></div><div align="justify"><br></div><div align="justify">The scrip opened at Rs. 558.00 and has touched a high and low of Rs. 558.00 and Rs. 531.45 respectively. So far 2419 shares were traded on the counter.<br><br></div><div align="justify">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.<br><br></div><div align="justify">Last one week high and low of the scrip stood at Rs. 558.00 and Rs. 460.00 respectively. The current market cap of the company is Rs. 4149.11 crore.<br><br></div><div align="justify">The promoters holding in the company stood at 31.91%, while Institutions and Non-Institutions held 42.99% and 25.10% respectively.</div><div align="justify"><br></div><div align="justify">Persistent Systems has expanded its partnership with Dassault Systemes. This partnership brings industrial OEMs and suppliers to the Dassault Systèmes 3DEXPERIENCE platform where clients can reduce costs, improve supplier collaboration, drive agility and gather better field insights for future product iterations and customer support.<br><br></div><div align="justify">Together, Persistent and Dassault Systèmes provide a sophisticated collaborative foundation for product innovation and development.<br><br></div><div align="justify">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 &amp; financial services verticals.</div><div align="justify"><br></div>
08-May-2020 Reliance Industries, Neuland Laboratories and Eicher Motors to see some action today <p align="justify">Vista Equity Partners (Vista) will invest Rs 11,367 crore into <strong>Reliance Industries'</strong> wholly-owned subsidiary--Jio Platform. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Vista's investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.</p><p align="justify"><strong>Neuland Laboratories</strong> has received Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its manufacturing facility located at Pashamylaram, Hyderabad. The facility was inspected from February 3, 2020 to February 7, 2020. The inspection has now been closed by the USFDA.</p><p align="justify"><strong>Eicher Motors</strong> and Volvo Group's joint venture (JV) -- VE Commercial Vehicles (VECV) has resumed manufacturing operations at its plants in India following relaxation of guidelines for the third phase of the lockdown by the government.&nbsp; The plants located at Pithampur, Dewas, and Baggad in Madhya Pradesh and Thane in Maharashtra have resumed lean operations after the required permissions were granted by the state government. </p><p align="justify"><strong>Persistent Systems</strong> has expanded its partnership with Dassault Systèmes. This partnership brings industrial OEMs and suppliers to the Dassault Systèmes 3DEXPERIENCE platform where clients can reduce costs, improve supplier collaboration, drive agility and gather better field insights for future product iterations and customer support.</p><p align="justify"><strong>Tata Consumer Products</strong> (TCPL) has partnered with food delivery platforms like Domino's Pizza and Zomato to strengthen its direct distribution model and ensure steady supply of its essential products. Through these partnerships, TCPL intend to safeguard people's health by giving them alternate channels to buy its food and beverage offerings. The partnerships leverage complementary strengths to ensure essential products reach the doorsteps of consumers who need them.</p><p align="justify">Having recognised a huge quantum of non-performing assets (NPAs) in the past few quarters, <strong>Yes Bank</strong> has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50,000 crore. The bank has also appointed six merchant bankers for a proposed capital raising exercise of up to Rs 15,000 crore in which it is aiming to get new investors, including global private equity funds, into the bank.</p><p align="justify"><strong>MRF</strong> has partially resumed operations in most of its plants with restricted manpower following relaxation of lockdown guidelines by the government. Some of the stocking points have also partially resumed operations.<br></p>
07-May-2020 Persistent Systems achieves AWS SaaS Competency status <p align="justify">Persistent Systems has achieved Amazon Web Services (AWS) Software as-a-Service (SaaS) Competency status. This designation recognizes that the company has demonstrated deep experience helping organizations design and build SaaS and cloud-native solutions on AWS.<p align="justify">The company is a global solutions company that excels at delivering digital business acceleration and enterprise modernization for organizations across industries such as banking/financial services, healthcare and life sciences, and the industrial sector.<p align="justify">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 &amp; financial services verticals.<p align="justify">&nbsp;</p>
07-May-2020 Persistent Systems expands partnership with Dassault Systemes <p align="justify">Persistent Systems has expanded its partnership with Dassault Systemes. This partnership brings industrial OEMs and suppliers to the Dassault Systèmes 3DEXPERIENCE platform where clients can reduce costs, improve supplier collaboration, drive agility and gather better field insights for future product iterations and customer support.<p align="justify">Together, Persistent and Dassault Systèmes provide a sophisticated collaborative foundation for product innovation and development.<p align="justify">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 &amp; financial services verticals.<p align="justify"></p>
07-May-2020 Persistent Systems informs about press release <P align=justify>Persistent Systems has informed that it has enclosed press release dated May 7, 2020 regarding Persistent Achieves AWS SaaS Competency Status.<BR><P align=justify>The above information is a part of company's filings submitted to BSE.<BR>
07-May-2020 Persistent Systems surges on the bourses <p align="justify">Persistent Systems is currently trading at Rs. 529.00, up by 24.45 points or 4.85% from its previous closing of Rs. 504.55 on the BSE.<p align="justify">The scrip opened at Rs. 508.25 and has touched a high and low of Rs. 531.75 and Rs. 508.25 respectively. So far 6015 shares were traded on the counter.<p align="justify">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.<p align="justify">Last one week high and low of the scrip stood at Rs. 513.75 and Rs. 460.00 respectively. The current market cap of the company is Rs. 4029.13 crore.<p align="justify">The promoters holding in the company stood at 31.91%, while Institutions and Non-Institutions held 42.99% and 25.10% respectively.<p align="justify">Persistent Systems has achieved Amazon Web Services (AWS) Software as-a-Service (SaaS) Competency status. This designation recognizes that the company has demonstrated deep experience helping organizations design and build SaaS and cloud-native solutions on AWS.<p align="justify">The company is a global solutions company that excels at delivering digital business acceleration and enterprise modernization for organizations across industries such as banking/financial services, healthcare and life sciences, and the industrial sector. <p align="justify">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 &amp; financial services verticals.<p align="justify">&nbsp;</p>
06-May-2020 Appointment of Director Inter alia, 1. The Board has not recommended any Final Dividend for the FY 2019-20. Accordingly, the 2 (two) Interim Dividends paid during this Financial Year aggregating to INR 12 per Equity Share of INR 10 each are considered as the Total Dividend for the above Financial Year. 2. Appointment of Mr. Praveen Kadle as an Additional Director (Independent Member) Pursuant to our intimation dated April 23, 2020, the Board has appointed Mr. Praveen Kadle as an Additional Director (Independent Member) of the Company w.e.f. April 23, 2020. The Board also recommended to seek approval of Members for appointing him as an Independent Director in the upcoming General Meeting of the Company..