NIIT Technologies surges on reporting 12% rise in Q3 net profit

14 Jan 2015 Evaluate

NIIT Technologies is currently trading at Rs. 378.85, up by 9.05 points or 2.45% from its previous closing of Rs. 369.80 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 384.05 and Rs. 366.60 respectively. So far 76796 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 486.00 on 11-Jul-2014 and a 52 week low of Rs. 328.00 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 374.35 and Rs. 353.50 respectively. The current market cap of the company is Rs. 2312.04 crore.

The promoters holding in the company stood at 30.99 % while Institutions and Non-Institutions held 50.86 % and 18.15 % respectively.

NIIT Technologies has registered a rise of 11.88% in its net profit after tax at Rs 44.33 crore for third quarter ended December 31, 2014 as compared to Rs 39.62 crore for the same quarter in the previous year. Total income of the company has increased 3.36% at Rs 337.42 crore for Q3FY15 as compared Rs 326.45 crore for the corresponding quarter previous year

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in application development and maintenance, managed services, IP Asset or platform solutions, and business process outsourcing to organizations in the financial services, travel & transportation, manufacturing/distribution, healthcare and government sectors.

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