Persistent launches products-focused business unit - Angel Broking

Persistent Systems has launched a dedicated business unit called 'Accelerite' that will align its business strategy towards products and intellectual property based on the social, mobility, analytics and cloud (SMAC) platform. Accelerite will be headquartered in Silicon Valley, led by Nara Rajagopalan, Persistent and will bring product-centric alignment to business models, strategies, sales, and operations.

Owing to sharp run up in the stock price, we maintain our Neutral rating on the stock.

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1077.65 as compared to the previous close of Rs. 1078.25. The total number of shares traded during the day was 6571 in over 1051 trades.

The stock hit an intraday high of Rs. 1098.25 and intraday low of 1070. The net turnover during the day was Rs. 7112661.

Source : Equity Bulls

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