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NIIT advances on reporting 31% growth in Q3FY13 net profit

15 Jan 2013 Evaluate

NIIT Technologies is currently trading at Rs 278.65, up by 2.70 points or 0.98% from its previous closing of Rs.275.95 on the BSE.

The scrip opened at Rs 278.30 and has touched a high and low of Rs 285.00 and Rs 275.65 respectively. So far 100892 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 324.80 on 13-Sep-2012 and a 52 week low of Rs 196.25 on 16-Jan-2012.

Last one week high and low of the scrip stood at Rs 278.00 and Rs 256.05 respectively. The current market cap of the company is Rs 1690.44 crore.

The promoters holding in the company stood at 31.33% while Institutions and Non-Institutions held 44.40% and 24.27% respectively.

NIIT Technologies has reported 30.94% rise in its net profit at Rs 49.26 crore for December quarter as compared to Rs 37.62 crore for the same quarter in the previous year. Total income of the company has increased by 31.22% at Rs 286.55 crore for quarter under review as compared to Rs 218.37 crore for the quarter ended December 31, 2011.

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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