Coforge Ltd.

BSE: 532541 | NSE: COFORGE
Mid Cap | IT - Software
1727.15
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NIIT Technologies zooms on reporting 61% rise in Q1 net profit

Date: 14-07-2015

NIIT Technologies is currently trading at Rs. 466.20, up by 48.90 points or 11.72% from its previous closing of Rs. 417.30 on the BSE.

The scrip opened at Rs. 419.00 and has touched a high and low of Rs. 482.20 and Rs. 416.45 respectively. So far 302698 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 482.20 on 14-Jul-2014 and a 52 week low of Rs. 332.00 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 482.20 and Rs. 380.00 respectively. The current market cap of the company is Rs. 2830.41 crore.

The promoters holding in the company stood at 30.87% while Institutions and Non-Institutions held 52.15% and 16.99% respectively.

NIIT Technologies’ net profit for the first quarter ended June 30, 2015 jumped by 61.24% at Rs 72.27 crore as compared to Rs 44.82 crore for the quarter ended June 30, 2014. The company’s total income has increased by 14.35% at Rs 393.64 crore for the quarter under review as compared to Rs 344.25 crore for the corresponding quarter of the previous fiscal.

NIIT Technologies is a leading global IT solutions organization, servicing customers in Americas, Europe, Middle East, Asia and Australia. It offers services in Application Development and Maintenance, Infrastructure Management Services, IP Asset or Platform Solutions, and Business Process Management to organizations.