Anagram

Anagram Invites Subscribe to Persistent Systems IPO

Anagram Invites Subscribe to Persistent Systems IPO

Anagram Stock Broking has extended an advice to its investors to enroll in an initial public offering of Persistent Systems priced for an amount keeping in view the potential upside because of capacity addition and earnings in the long term.

Persistent Systems is revealed to unceasingly invest in R&D in a bid to improve its technical skill sets. It has dedicated 5 per cent of its total technical workforce to investing in new technologies.

It is revealed that at the upper price band, the issue is priced at a P/E of 12x its annualized earnings for the 9 months ended December 2009.