NIIT Gains 6%; BSE IT Index Up 0.1%
Mon, 20 Jan 14:27
Image source: alexsl/www.istockphoto.comNIIT share price has zoomed 6% and is presently trading at Rs 171.6.
Meanwhile, the BSE IT index is at 41,807.6 (up 0.1%).
Among the top gainers in the BSE IT index today are Wipro (up 6.4%) and INTELLECT DESIGN (up 2.7%).
Sonata Software (down 1.8%) and Mastek (down 1.7%) are among the top losers today.
Over the last one year, NIIT has moved up from Rs 118.9 to Rs 171.6, registering a gain of Rs 52.7 (up 44.3%).
On the other hand, the BSE IT index has moved up from 37,332.1 to 41,807.6, registering a gain of 12.0% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 102.7%), Firstsource Solutions (up 94.9%) and PERSISTENT SYSTEMS (up 58.7%).
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What About the Benchmark Indices?
The BSE Sensex is at 77,180.4 (up 0.7%).
The top gainers among the BSE Sensex today are Kotak Bank (up 9.2%) and Bajaj Finance (up 3.4%). The most traded stocks in the BSE Sensex are Axis Bank and ZOMATO.
In the meantime, NSE Nifty is at 23,348.2 (up 0.6%). Kotak Bank and Wipro are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,128.8 to 77,180.4, registering a gain of 4,051.6 points (up 5.5%).
NIIT Financial Update...
NIIT net profit grew 24.8% YoY to Rs 134 million for the quarter ended September 2024, compared to a profit of Rs 107 million a year ago. Net sales rose 11.4% to Rs 907 million during the period as against Rs 814 million in July-September 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 48.1.
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