560 per cent returns in 3 years: This tech company opens a State-of-the-Art private 5G lab in Pune!
With a focus on leveraging the capabilities of 5G, the lab supports the development of products and services that can operate with high-speed connectivity, low latency, and reliability.
Persistent Systems is a global services and solutions company specializing in digital engineering and enterprise modernization. With 22,750 employees across 21 countries, they collaborate with industry leaders, including innovative companies and major banks. Committed to the United Nations Global Compact, Persistent Systems aligns its operations with universal principles on human rights, labor, environment, and anti-corruption. They strive to make a positive societal impact through their actions.
Persistent Systems has opened a cutting-edge 5G Lab in Pune, India. The lab serves as a testing and development environment for network functions and product development activities related to 5G solutions. It facilitates interoperability, quick deployment, and the monetization of 5G offerings. The lab enables operator trials, integration tests, and validation of interoperability and system-generated tests. With a focus on leveraging the capabilities of 5G, the lab supports the development of products and services that can operate with high-speed connectivity, low latency, and reliability.
DSIJ offers a service 'Mid Bridge' with recommendations for Mid-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
The lab also provides a platform for 5G application providers to showcase their solutions and demonstrate the enhanced user experience and business growth potential of 5G. This initiative aligns with the projected growth of 5G connections globally and the increasing demand for high-speed and low-latency services. The lab brings together network OEMs, ISVs, and experts to support application providers with market-leading open-source solutions in a multi-vendor 5G test environment.
The company has delivered returns of 49 per cent over the past year and whopping returns of 564 per cent in the past 3 years. Additionally, it has a ROCE of 30.3 per cent and a ROE of 25.3 per cent.
On Wednesday, shares of the company plunged by 0.23 per cent to trade at Rs 4,856.9. Moreover, the scrip had a spurt in volume by more than 2.66 times.
Investors should keep a close eye on this trending tech stock.
Related articles
-
India’s Youngest Crorepati: Narayana Murthy gifts 15,00,000 shares of this IT-software company to his four-month-old grandson!
-
Stock split after Rs 32/share dividend: FIIs bought 24,66,401 shares of this multibagger IT stock; scrip hit fresh 52-week high!
-
Narayana Murthy's IT stock loses USD 150,00,00,000 AI-deal with a global client – know more here!
-
Multibagger IT stock: Scaling new heights as it secures a coveted spot in MSCI India, S&P BSE 100, and SENSEX Next 50 Indices!
-
Penny Stock Under Rs 15: Company Manufactures Optical Fibre Cable for 5G Network, Heavy Buying Witnessed in the Stock!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; Net profit zooms by 200 per cent!
-
52-week high alert: This multibagger IT company receives new order worth USD 1,333,000; PAT zooms by 57 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; reports an 181 per cent jump in net sales!
-
Unlocking Innovation: This multibagger inaugurates cutting-edge CoE in Kolkata!
-
This mid-cap tech company gives 1,700 per cent in just 3 years!
-
Danske Bank selects this IT company as their strategic partner to accelerate digital transformation!
-
1,400 per cent returns: This small-cap IT company bags Rs 79.47 crores order from Union Bank of India!
-
This telecom company powers 5G access to the Kochi water metro route!
-
This small-cap extends Rs 26 crore contract with United Nations; do you own it?
-
This tech company launches advanced testing facility for 5G infrastructure OEMs!
-
2500 per cent returns: Back-to-back upper circuit in this small-cap IT stock; hits fresh 52-week high!
-
Upper circuit alert: Heavy buying witnessed in this multibagger stock; reports 269 per cent jump in net profit!
-
This IT company is gaining popularity among investors; do you own it?
-
Stock below Rs 50: This small-cap company has received an order of USD 3 million!
-
Don't miss action in this multibagger stock that has announced bonus shares!