CMS Info Systems jumps 7% after SBI Mutual Fund, Abu Dhabi Investment pick stake

CMS Info Systems shares jumped nearly 7% on NSE on Monday after buying action picked up after a clutch of domestic and foreign funds and institutional investors bought the company’s shares in a block deal on Friday.

Among domestic funds were IIFL Mutual Fund-IIFL Focused Equity Fund (12,36,111 shares), SBI Mutual Fund (67,13,513 shares), and 360 One Mutual Fund (12,00,000 shares). The average weighted price of shares purchased by these funds stood at Rs 300 per share, according to NSE data.