PERSISTENT SYSTEMS SHARE PRICE

Persistent Systems Ltd. offers outsourced software product development. It designs, develops, and maintains software systems and solutions, creates new applications and improves the functionality of existing software products. Its incorporation date is 16 May 1990. The company’s headquarters are in Pune. During FY 2021-2022, Persistent Systems Ltd.’s total revenue was Rs 5,854.70 crore, with total revenue growth of 36.29%. On 12 August 2022, the company’s market capitalisation stood at Rs 28,456 crore.  

The company is listed on the Bombay Stock Exchange with the code 533179, and on the National Stock Exchange with the code PERSISTENT.  

In February 2011, Persistent Systems Ltd. acquired the operations of Nagpur-based Infospectrum India Private. In 2016, it acquired PARX – Platinum Salesforce Consulting Partner in the DACH market. In 2021, the assets of Shree Partners were acquired to bolster cloud and IT management capabilities. In 2022, the company acquired US-based company MediaAgility to launch a new Google Cloud Business unit. Persistent Systems Ltd. won the prestigious ISG 2020 Star of Excellence Award™ from Information Services Group for its core technologies.  

On 30 June 2022, the company’s shareholding pattern showed a promoter stake of 31.26%, a foreign institutional investor stake of 20.45%, a domestic institutional investor stake of 25.94%, and a public stake of 19.51%. The foreign institutional investor holdings increased from 20.03% to 20.45% during this quarter. Dr Anand Suresh Deshpande, the company’s founder, is the leading promoter with a 29.91% share.  

The company’s top management comprises Mr Arvind Goel, Dr Ambuj Goyal, Prof Deepak Phatak, Mr Guy Eiferman, Ms Roshini Bakshi, Mr Sunil Sapre, Ms Avani Davda, Mr Praveen Kadle, Mr Pradeep Bhargava, Dr Anant Jhingran, Mr Sandeep Kalra, and Mr Thomas Kendra. Walker Chandiok & Co. LLP are the company’s auditors. On 30 June 2022, the company’s total shares outstanding were 7.64 crores. 

On 12 August 2022, Persistent Systems Ltd.’s share price closed at Rs 3,731.30 on BSE. It closed at Rs 3,723.40 on NSE. The 52-week high for Persistent Systems Ltd.’s share price was Rs 4,987.50, and the 52-week low for the company’s share price was Rs 3,061.45.  

The company’s peers include MphasiS, L&T Technology Services, Oracle Financial Services Software, Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., and Tata Consultancy Services Ltd. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Persistent Systems Ltd. offers outsourced software product development. It designs, develops, and maintains software systems and solutions, creates new applications and improves the functionality of existing software products. Its incorporation date is 16 May 1990. The company’s headquarters are in Pune. During FY 2021-2022, Persistent Systems Ltd.’s total revenue was Rs 5,854.70 crore, with total revenue growth of 36.29%. On 12 August 2022, the company’s market capitalisation stood at Rs 28,456 crore.  

The company is listed on the Bombay Stock Exchange with the code 533179, and on the National Stock Exchange with the code PERSISTENT.  

In February 2011, Persistent Systems Ltd. acquired the operations of Nagpur-based Infospectrum India Private. In 2016, it acquired PARX – Platinum Salesforce Consulting Partner in the DACH market. In 2021, the assets of Shree Partners were acquired to bolster cloud and IT management capabilities. In 2022, the company acquired US-based company MediaAgility to launch a new Google Cloud Business unit. Persistent Systems Ltd. won the prestigious ISG 2020 Star of Excellence Award™ from Information Services Group for its core technologies.  

On 30 June 2022, the company’s shareholding pattern showed a promoter stake of 31.26%, a foreign institutional investor stake of 20.45%, a domestic institutional investor stake of 25.94%, and a public stake of 19.51%. The foreign institutional investor holdings increased from 20.03% to 20.45% during this quarter. Dr Anand Suresh Deshpande, the company’s founder, is the leading promoter with a 29.91% share.  

The company’s top management comprises Mr Arvind Goel, Dr Ambuj Goyal, Prof Deepak Phatak, Mr Guy Eiferman, Ms Roshini Bakshi, Mr Sunil Sapre, Ms Avani Davda, Mr Praveen Kadle, Mr Pradeep Bhargava, Dr Anant Jhingran, Mr Sandeep Kalra, and Mr Thomas Kendra. Walker Chandiok & Co. LLP are the company’s auditors. On 30 June 2022, the company’s total shares outstanding were 7.64 crores. 

On 12 August 2022, Persistent Systems Ltd.’s share price closed at Rs 3,731.30 on BSE. It closed at Rs 3,723.40 on NSE. The 52-week high for Persistent Systems Ltd.’s share price was Rs 4,987.50, and the 52-week low for the company’s share price was Rs 3,061.45.  

The company’s peers include MphasiS, L&T Technology Services, Oracle Financial Services Software, Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., and Tata Consultancy Services Ltd. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose