Coforge Ltd.

NIIT Technologies is currently trading at Rs. 272.85, up by 2.70 points or 1.00% from its previous closing of Rs. 270.15 on the BSE.

The scrip opened at Rs. 265.60 and has touched a high and low of Rs. 280.00 and Rs. 265.60 respectively. So far 37512 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. 227.10 on 04-May-2012.

Last one week high and low of the scrip stood at Rs. 290.10 and Rs. 264.30 respectively. The current market cap of the company is Rs. 1626.40 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, a leading global IT solutions organization has signed a multiyear Comprehensive Financial Management System (CFMS) contract worth Rs 185 crore with the Finance Department of Andhra Pradesh. Under the CFMS project the department will undertake a series of service improvements across all functions of public financial management to enhance the overall efficiency and end user experience.

With this initiative, NIIT Technologies will help Andhra Pradesh government to transform from its current public finance systems to a Futuristic World Class Enterprise Solution. As a part of the project a SAP based solution has been introduced to provide seamless interface and an efficient electronic information sharing mechanism which will enable all the internal departments to work cohesively with the Finance Department.

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.