NIIT TECHNOLOGIES Surges by 5%; BSE IT Index Up 1.1%

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NIIT TECHNOLOGIES Surges by 5%; BSE IT Index Up 1.1%
Tue, 11 Dec 12:03 PM

NIIT TECHNOLOGIES share price has zoomed 5% and is presently trading at Rs 1,111.

Meanwhile, the BSE IT Index is at 14,345 (up 1.1%).

Among the top Gainers in the BSE IT Index today is NIIT TECHNOLOGIES (up 5.2%).

CYIENT LTD (down 1.0%) and ECLERX SERVICES (down 1.7%) are among the top losers today.

Over the last one year, NIIT TECHNOLOGIES has moved up from Rs 641 to Rs 1,111, registering a gain of Rs 471 (up 73.5%).

On the other hand, the BSE IT has moved up from 10,918 to 14,345, registering a gain of 3,427 points (up 31.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 73.5%), MINDTREE LTD (up 59.3%) and L&T TECHONOLOGY SERVICES (up 58.1%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 35,072 (up 0.1%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.6%), SUN PHARMA (up 5.2%) and ASIAN PAINTS (up 2.6%). Other gainers include AXIS BANK (up 2.3%) and COAL INDIA (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 10,532 (up 0.1%). YES BANK (up 5.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,456 to 35,072, registering a gain of 1,616 points (up 4.6%).

NIIT TECHNOLOGIES Financial Update...

NIIT TECHNOLOGIES net profit stood at Rs 1 billion for the quarter ended September 2018, compared to a profit of Rs 826 million a year ago. Net Sales rose 19.9% to Rs 9.1 billion during the period as against Rs 7.6 billion in July-September 2017.

For the year ended March 2016, NIIT TECHNOLOGIES reported 47.8% increase in net profit to Rs 3.0 billion compared to net profit of Rs 2.0 billion during FY15.

Revenue of the company grew 13.1% to Rs 27 billion during FY16.

The current Price to earnings ratio of NIIT TECHNOLOGIES, based on rolling 12 month earnings, stands at 17.6x.



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