NIIT TECHNOLOGIES at All Time High; BSE IT Index Up 0.0%

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NIIT TECHNOLOGIES at All Time High; BSE IT Index Up 0.0%
Wed, 8 Jan 09:32 AM

NIIT TECHNOLOGIES share price has hit an all-time high at Rs 1,668 (up 0.6%).

Meanwhile, the BSE IT Index is at 15,691 .

Among the top gainers in the BSE IT Index today are NIIT TECHNOLOGIES (up 0.6%) and ORACLE FINANCIAL (up 0.3%).

WIPRO (down 0.1%) and ECLERX SERVICES (down 0.1%) are among the top losers today.

Over the last one year, NIIT TECHNOLOGIES has moved up from Rs 1,141 to Rs 1,668, registering a gain of Rs 527 (up 45.9%).

The BSE IT has moved up from 14,048 to 15,691, registering a gain of 1,643 points (up 11.5%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were NIIT TECHNOLOGIES (up 45.9%), HCL TECHNOLOGIES (up 24.0%) and INFIBEAM AVENUES (up 21.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,626 (down 0.6%). The top gainers among the BSE Sensex stocks today are TCS (up 0.6%) and INDUSIND BANK (up 0.3%). The most traded stocks in the BSE Sensex are INDUSIND BANK and TCS.

In the meantime, NSE Nifty is at 11,991 (down 0.6%). The top gainers in the NSE Nifty include YES BANK (up 2.9%), TCS (up 0.9%) and INDUSIND BANK (up 0.6%). Other gainers include TECH MAHINDRA (up 0.5%) and DR. REDDYS LAB (up 0.3%).

Over the last 12 months, the BSE Sensex has moved up from 35,850 to 40,626, registering a gain of 4,776 points (up 13.3%).

NIIT TECHNOLOGIES Financial Update...

NIIT TECHNOLOGIES net profit stood at Rs 1 billion for the quarter ended September 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 6.9% to Rs 10.4 billion during the period as against Rs 9.7 billion in July-September 2018.

For the year ended March 2018, NIIT TECHNOLOGIES reported 4.9% increase in net profit to Rs 3.1 billion compared to net profit of Rs 2.9 billion during FY17.

Revenue of the company grew 6.8% to Rs 30 billion during FY18.

The current Price to earnings ratio of NIIT TECHNOLOGIES, based on rolling 12 month earnings, stands at 23.5x.



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