Persistent Systems hits new high on buying SoHo Dragon assets worth $4.7 mn

Persistent Systems shares rose 1.8 per cent to hit an all-time high of Rs 5,369.25 per share on the BSE after the company signed an asset purchase agreement with SoHo Dragon to acquire some of its assets.

At around 2:44 PM, shares of Persistent Systems were up 0.77 per cent at Rs 5,3213.65 per share. By comparison, the BSE Sensex was down 317.83 points at 81,603.43.