NIIT Technologies surges on buzz of expansion of its Noida campus

20 May 2013

NIIT Technologies is currently trading at Rs. 260.80, up by 0.10 points or 0.04 % from its previous closing of Rs. 260.70 on the BSE.

The scrip opened at Rs 263.10 and has touched a high and low of Rs 264.50 and Rs. 259.00 respectively. So far 21397 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 240.00 on 21-Dec-2012.

Last one week high and low of the scrip stood at Rs 274.75 and Rs 248.65 respectively. The current market cap of the company is Rs 1565.15 crore.

The promoters holding in the company stood at 31.29% while Institutions and Non-Institutions held 47.31% and 21.40% respectively.

NIIT Technologies, a leading global IT solutions organization, is reportedly planning to expand its Noida campus by investing Rs 100 crore. Further the company has decided to hire 800 people this financial year for that the company has already added 276 people during January-March, taking the total headcount to 8,158.

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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