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Birlasoft, where mutual funds owned 20.31 per cent stake at the end of September quarter, is up 147.75 per cent this calendar. The stock closed at Rs 740.80 on Friday against December 30, 2022 closing value of Rs 299.
The Nifty IT index was trading 0.31 per cent up at 34953.1.
The Nifty IT index was trading 0.42 per cent up at 34885.95.
The Nifty IT index closed 0.3 per cent up at 34846.05.
The stock rose by about 10% in a week which helped the stock to break out from an Inverse Head & Shoulder pattern on the weekly charts. The neckline of the pattern was placed around 6100 levels.