Persistent Systems granted development rights by USAA

Persistent Systems has informed the exchanges that it has entered into an agreement with USAA for development rights pertaining to several patented innovations, which are currently being used by USAA, and are related to security in financial services.

Feb 28, 2017 04:02 IST India Infoline News Service

Persistent Systems has informed the exchanges that it has entered into an agreement with USAA for development rights pertaining to several patented innovations, which are currently being used by USAA, and are related to security in financial services.
 
Stock of Persistent Systems closed at Rs 634.40 per share, and has gained 1.2% or Rs 7.35 per share at Bombay Stock Exchange.
 
Persistent Systems is a technology services company. Shares of the company are listed on the National Stock Exchange and Bombay Stock Exchange.
 
Stock view:

Persistent Systems Ltd ended at Rs 634.4, up by Rs 7.35 or 1.17% from its previous closing of Rs 627.05 on the BSE.

The scrip opened at Rs 627 and touched a high and low of Rs 647.8 and Rs 623 respectively. A total of 170569(NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs 5016.4 crore.

The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 796.75 on 21-Mar-2016 and a 52 week low of Rs 501.1 on 28-Sep-2016.

Last one week high and low of the scrip stood at Rs 635.4 and Rs 616.8 respectively.

The promoters holding in the company stood at 36.21 % while Institutions and Non-Institutions held 34.96 % and 24.58 % respectively.

The stock traded above its 200 DMA.

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