Persistent Systems zooms on inking pact to expand Eastern European presence
Persistent Systems is currently trading at Rs. 5455.00, up by 259.70 points or 5.00% from its previous closing of Rs. 5195.30 on the BSE.
The scrip opened at Rs. 5235.00 and has touched a high and low of Rs. 5496.60 and Rs. 5235.00 respectively. So far 102225 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6597.00 on 23-Dec-2025 and a 52 week low of Rs. 4450.00 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 5,496.60 and Rs. 4,576.75 respectively. The current market cap of the company is Rs. 86066.82 crore.
The promoters holding in the company stood at 30.29%, while Institutions and Non-Institutions held 52.60% and 17.11% respectively.
Persistent Systems has inked an agreement to expand its Eastern European presence through the integration of a specialized team of more than 90 professionals from Concise, a Tallinn-headquartered software engineering and IT consulting company. The transaction will strengthen the company’s European nearshore delivery network and enhance its ability to help enterprises evolve large-scale digital infrastructure and globally integrated operations.
The establishment of delivery centers in Tallinn and Tartu would expand the company’s European footprint and strengthen its nearshore delivery model for clients across the region. Estonia’s advanced digital ecosystem and deep technology talent base will provide a strong foundation for supporting AI-led transformation requiring governance alignment and stronger regional engagement. The expansion also aims to strengthen the company’s relationship and depth of expertise with a strategic customer in the enterprise mobility segment in the region.
