Persistent Systems up 3.5% on fund based buying

Written By Unknown on Kamis, 20 Desember 2012 | 14.02

Persistent Systems gained as much as 3.5 percent intraday on Thursday as HDFC Balanced Fund bought 3 lakh shares and Saif India IV FII Holdings purchased 11.2 lakh shares of the company at Rs 490 each via bulk deals yesterday.

However, Norwest Venture Partners FVCI Mauritius sold 18.45 lakh shares via two bulk deals at same price yesterday.

At 12:04 hours IST, the stock gained 1.67 percent to Rs 501 on the National Stock Exchange. It rallied more than 22 percent in last three months and 66 percent in a year.

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