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NIIT Technologies surges despite reporting 9% fall in Q1 consolidated net profit

30 Jul 2020

NIIT Technologies is currently trading at Rs. 1900.35, up by 37.80 points or 2.03% from its previous closing of Rs. 1862.55 on the BSE.

The scrip opened at Rs. 1848.00 and has touched a high and low of Rs. 1902.00 and Rs. 1842.80 respectively. So far 15358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2057.00 on 23-Jan-2020 and a 52 week low of Rs. 739.05 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1903.00 and Rs. 1615.30 respectively. The current market cap of the company is Rs. 11392.75 crore.

The promoters holding in the company stood at 70.32%, while Institutions and Non-Institutions held 20.38% and 9.30% respectively.

NIIT Technologies has reported 2.87% fall in its net profit of Rs 108.40 crore for the quarter ended June 30, 2020 against Rs 111.60 crore for the same quarter in the previous year. However, total income of the company increased 2.33% at Rs 654.60 crore for Q1FY21 as compared Rs 639.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 8.79% fall in its net profit attributable to owners at Rs 79.90 crore for the quarter ended June 30, 2020 Rs 87.60 crore for the same quarter in the previous year. However, total income of the company increased by 8.27% at Rs 1064.60 crore for Q1FY21 as compared Rs 983.30 crore for the corresponding quarter previous year.

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