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.

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.