06-06-2024 03:13 PM | Source: Accord Fintech
Persistent Systems soars on launching GenAI Hub

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Persistent Systems is currently trading at Rs. 3679.20, up by 112.90 points or 3.17% from its previous closing of Rs. 3566.30 on the BSE.

The scrip opened at Rs. 3627.95 and has touched a high and low of Rs. 3710.00 and Rs. 3613.35 respectively. So far 11337 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4489.93 on 19-Feb-2024 and a 52 week low of Rs. 2318.83 on 03-Aug-2023.

Last one week high and low of the scrip stood at Rs. 3710.00 and Rs. 3232.60 respectively. The current market cap of the company is Rs. 56771.28 crore.

The promoters holding in the company stood at 31.02%, while Institutions and Non-Institutions held 50.84% and 18.15% respectively.

Persistent Systems has launched GenAI Hub, an innovative platform designed to accelerate the creation and deployment of Generative AI (GenAI) applications within enterprises. This platform seamlessly integrates with an organization's existing infrastructure, applications, and data, enabling the rapid development of tailored, industry specific GenAI solutions. GenAI Hub supports the adoption of GenAI across various Large Language Models (LLMs) and clouds, without provider lock-in.

To effectively leverage the potential of GenAI and translate ideas into tangible business outcomes, enterprises must seamlessly integrate it into their existing systems. With a wide array of AI models ranging from extensive to specialized, clients require a robust platform like the GenAI Hub. This platform simplifies the development and management of multiple GenAI models, expediting market readiness through pre-built software components, all while upholding responsible AI principles.

Persistent Systems is a global company specializing in software product and technology services.