Persistent Systems rises after HDFC MF hikes stake
Persistent Systems gained 1.46% to Rs 682.75 after HDFC mutual fund hiked its stake in the IT company by 2.03% to 7.20% on 16 December 2019.
The disclosure was made after trading hours yesterday, 17 December 2019.The Nifty 50 index rose 11.80 points or 0.10% at 12,176.80.
Persistent Systems' consolidated net profit rose 4.36% to Rs 86.07 crore on 6.30% increase in net sales to Rs 884.60 crore in Q2 September 2019 over Q1 June 2019.
Persistent Systems offers complete product life cycle services. The company's segments include infrastructure and systems, telecom and wireless, life science and healthcare, and financial services.
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