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BSE: 532541 | NSE: COFORGE
Mid Cap | IT - Software
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NIIT Technologies moves up on entering into partnership with Arago

Date: 23-05-2017

NIIT Technologies is currently trading at Rs. 489.15, up by 1.50 points or 0.31% from its previous closing of Rs. 487.65 on the BSE.

The scrip opened at Rs. 488.10 and has touched a high and low of Rs. 493.20 and Rs. 475.65 respectively. So far 16230 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 587.60 on 15-Jun-2016 and a 52 week low of Rs. 370.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 533.25 and Rs. 475.65 respectively. The current market cap of the company is Rs. 2992.94 crore.

The promoters holding in the company stood at 30.72%, while Institutions and Non-Institutions held 52.35% and 16.93% respectively.

NIIT Technologies has entered into partnership with Arago, a pioneer in artificial intelligence (Al) and leader in autonomous automation, to integrate Arago's general Al technology HIRO into its automation offering TRON Smart Automation.

HIRO is a unique problem-solving Al platform that dynamically reacts to a changing environment and is able to autonomously solve ambiguous and complex problems at every level of operations. Through this partnership, the company will be able to deliver a superior automation experience to its customers by bringing in cutting-edge machine reasoning technology optimized by machine learning.

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.