Persistent Systems’ shares fall more than 3% after the company’s board approves a fundraise worth ₹11,809 crore. The stock hits an intraday low of ₹5,501 on the NSE, falling despite the broader market gaining slightly.
The NDTV report notes that the Nifty index rises about 0.31% on the same day, underscoring that Persistent Systems’ decline is more pronounced than the market move. The coverage focuses on the immediate market reaction to the board decision rather than detailing how the funds will be used or the specific terms of the raise.
Across the provided sources, the shared focus is the linkage between the board-approved ₹11,809 crore fundraising plan and the decline in the company’s share price, with emphasis on the magnitude of the drop and the session’s intraday low.
