NIIT Technologies jumps on reporting good Q1 numbers

NIIT Technologies is currently trading at Rs. 292.00, up by 0.95 points or 0.33% from its previous closing of Rs. 291.05 on the BSE.

The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 295.65 and Rs. 286.35 respectively. So far 24,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.00 on 31-May-2012 and a 52 week low of Rs. 166.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 301.60 and Rs. 278.00 respectively. The current market cap of the company is Rs. 1,749 crore.

The promoters holding in the company stood at 38.85%, while Institutions and Non-Institutions held 36.64% and 24.50% respectively.

On the standalone basis, the company has posted a rise of 157.63% in its net profit at Rs 44.39 crore for the quarter ended June 30, 2012 as compared to Rs 17.23 crore for the same quarter in the previous year.  Total income has increased by 38.30% at Rs 243.68 crore for quarter under review as compared to Rs 176.20 crore for the quarter ended June 30, 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 and transportation, manufacturing/distribution, healthcare and government sectors.