Persistent Systems shares gained on Thursday on creation of accelerate unit to take a portfolio of products and related solutions to market. Accelerite will be a business unit of Persistent Systems, headquartered in Silicon Valley and led by Nara Rajagopalan.

''The formation of Accelerite will bring product-centric alignment to business models, strategies, sales, and operations,'' it said.

Shares of the company are trading at Rs 1,044.60, up Rs 19.75, or 1.93% at the Bombay Stock Exchange (BSE) on Thursday at 10:46 a.m.

The scrip has touched an intra-day high of Rs 1,049.50 and low of Rs 1,010. The total volume of shares traded at the BSE is 7,989.

In the earlier session, the shares declined 3.27%, or Rs 34.7, at Rs 1,024.85.

Currently, the stock is trading down 14.38% from its 52-week high of Rs 1,220 and above 118.99% over the 52-week low of Rs 477.