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NIIT Technologies is currently trading at Rs. 292.00, up by 0.25 points or 0.09% from its previous closing of Rs. 291.75 on the BSE.
The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 294.00 and Rs. 290.60 respectively. So far 1931 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.00 on 31-May-2012 and a 52 week low of Rs. 166.00 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs. 296.75 and Rs. 281.50 respectively. The current market cap of the company is Rs. 1754.72 crore.
The promoters holding in the company stood at 38.85% while Institutions and Non-Institutions held 36.64% and 24.50% respectively.
NIIT Technologies, a leading global IT solutions organization has secured an order for implementation of an auction system for the India Tobacco Board for the states of Karnataka and Andhra Pradesh. This is one of the key e-governance initiatives in the area of commodity marketing in India. The company has secured this contract against prominent players in the industry and is valued at Rs 35 crore.
The solution envisages usage of handheld devices; bidders will use handheld devices for conducting auction on real-time basis. The auction platforms will enable the farmers to sell their tobacco bales to the cigarette manufacturing companies. The process will ensure inventory reduction and transparency through real-time collaboration between buyers and suppliers. Approximately 1000 bales are expected to be auctioned at each location each day. The platform will ensure fair pricing for the farmers as the market intermediaries will be excluded in the process.
Besides, the company will be responsible for Infrastructure Support and Application Support for all Enterprise Applications. The project support team including Field Support, Data Center Support and Helpdesk will be made available post implementation for 6 years.
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 and transportation, manufacturing/distribution, healthcare and government sectors.
| Company Name | CMP |
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| Infosys | 1406.25 |
| HCL Tech. | 1323.00 |
| Wipro | 437.75 |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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