PPFAS Mutual Fund on Monday said the house is adding to their existing stock positions in the market fall.
In an interview to CNBC-TV18, Raunak Onkar, research head, said, "We have been of the view for a while that the frontline consumer ideas have been very expensive and they still are expensive irrespective of what the markets have been doing for other areas in the stock market."
On Persistent Systems, Onkar said, "We own it and we have been tracking it for a while. The major problem with Persistent Systems is lack of sales. We can see many information technology companies growing at far superior levels in the same areas as this company. I think competition is also there. So we will have to wait and watch to give a call on that."