Financial Technologies jumps after Merrill Lynch buys 0.51% stake - The New Indian Express

Financial Technologies jumps after Merrill Lynch buys 0.51% stake

Published: 06th March 2014 12:19 PM

Last Updated: 06th March 2014 12:19 PM

Financial Technologies (India), a provider of technology solutions for financial markets, jumped on Thursday after Merrill Lynch Capital Markets Espana S.A. SVB picked 0.51% stake in the company for Rs 81.88 million. It has purchased 0.24 million shares at a price of Rs 347.76 on the NSE. Shares ofthe companyare trading at Rs 370, up Rs 17.6, or 4.99% at the Bombay Stock Exchange (BSE) on Thursday at 11:50 a.m.The scrip has touched an intra-day high of Rs 370 and low of Rs 358.05. The total volume of shares traded at the BSE is 407,075.In the earlier session, the shares gained 4.99%, or Rs 16.75, at Rs 352.40. Currently, the stock is trading down 57.49% from its 52-week high of Rs 870.30 and above 262.57% over the 52-week low of Rs 102.05.

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