India, Oct. 22 -- Mid-sized Indian IT firms are changing shape. Clients are spending less on routine maintenance and more on AI-led engineering, product development and cloud modernisation, and the winners are the companies that can offer all of it at scale. That is pushing firms like Persistent to buy capability abroad and raise money at home to pay for it.

The Nifty 50 was trading at 22,628.15, down 0.80%. Meanwhile, Sensex also fell 0.65% to 73,230.07 on Thursday. Meanwhile, Shares of Persistent Systems Ltd. were trading at Rs. 5,808.50, down 0.85 percent from previous close of Rs. 5,858.50. The stock opened at Rs. 5,820.00 and reached an intraday high of Rs. 5,906.50 and low of Rs. 5,775.00. The company currently has a market capita...