India's Persistent Systems hit record high on buying Starfish Associates
03/07/2024 09:47
** Shares of Persistent Systems PERS.NS up 2% to a record
4,590.35 rupees
** Stock is second-largest pct gainer on Nifty IT index
.NIFTYIT which is up 0.1%
** Software-maker said it will buy communications
systems-maker Starfish Associates for $20.7 mln
** Stock set to gain in fifth straight session if trend
holds
** Stock has risen in nine of the last 11 months; it climbed
24.8% in June
** PERS rated "hold" on avg, same as six others on 10-member
IT index - LSEG data
** Stock up ~24% YTD vs ~5% climb in NIFTYIT
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))
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