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Product Launch

Persistent Systems Product Launch

Persistent Systems launched a new Merchant Risk Management and Fraud Detection solution powered by Databricks AI. The AI-driven platform helps financial institutions reduce fraud losses by 20-40% and improves detection accuracy. Designed as a Databricks accelerator, it enables real-time merchant vetting and continuous transaction monitoring to prevent losses before they occur.

Source

BSE filing, NSE: PERSISTENT. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Persistent Systems Ltd: key numbers

Share price
₹6,048.00
Market cap
₹1,00,296 Cr
Revenue (annual)
₹14,748 Cr
Net profit (annual)
₹1,865 Cr
P/E (TTM)
55.6×Sector 23.5×
Promoter holding
28.82%-1.47% QoQ
FII holding
21.30%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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20:39 IST NSE
Fund Raise

Persistent Systems Fund Raise of ₹4,265 Cr

Persistent Systems' board approved a Qualified Institutional Placement (QIP) of equity shares, aiming to raise up to ₹4,264.61 Crore.

Value
₹4,265 Cr

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