NIIT Gains 5%; BSE IT Index Up 0.0%
Thu, 13 Feb 10:53
Image source: Eoneren/www.istockphoto.comNIIT share price has zoomed 5% and is presently trading at Rs 134.4.
Meanwhile, the BSE IT index is at 41,003.0 .
Among the top gainers in the BSE IT index today are ZENSAR TECHNOLOGIES (up 4.0%) and TANLA SOLUTIONS (up 3.2%).
Infosys (down 0.5%) and LTIMINDTREE (down 0.4%) are among the top losers today.
Over the last one year, NIIT has moved up from Rs 123.3 to Rs 134.4, registering a gain of Rs 11.1 (up 9.0%).
On the other hand, the BSE IT index has moved up from 38,552.3 to 41,003.0, registering a gain of 6.4% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Firstsource Solutions (up 82.4%), ZENSAR TECHNOLOGIES (up 66.1%) and PERSISTENT SYSTEMS (up 32.2%).
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What About the Benchmark Indices?
The BSE Sensex is at 76,653.1 (up 0.6%).
The top gainers among the BSE Sensex today are Tata Steel (up 3.0%) and Bajaj Finance (up 2.8%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,185.7 (up 0.6%). Tata Steel and Bajaj Finance are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 71,072.5 to 76,653.1, registering a gain of 5,580.6 points (up 7.9%).
NIIT Financial Update...
NIIT net profit fell 7.0% YoY to Rs 141 million for the quarter ended December 2024, compared to a profit of Rs 151 million a year ago. Net sales rose 15.2% to Rs 981 million during the period as against Rs 852 million in October-December 2023.
For the year ended March 2024, NIIT reported 259.0% increase in net profit to Rs 399 million compared to net profit of Rs 111 million during FY23. Revenue of the company fell 11.1% to Rs 3,035 million during FY24.
The current Price to earnings ratio of NIIT, based on rolling 12 month earnings, stands at 38.6.
Indian Share Market Update: Top Gainers and Losers
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