NIIT TECHNOLOGIES Plunges by 6%; BSE IT Index Down 2.4%

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NIIT TECHNOLOGIES Plunges by 6%; BSE IT Index Down 2.4%
Fri, 24 Apr 11:04 AM

NIIT TECHNOLOGIES share price has plunged 6% and is presently trading at Rs 1,197.

Meanwhile, the BSE IT Index is at 13,248 (down 2.4%).

Among the top losers in the BSE IT Index today is NIIT TECHNOLOGIES (down 5.8%).

SONATA SOFTWARE (up 8.2%) and TATA ELXSI (up 3.4%) are among the top gainers today.

Over the last one year, NIIT TECHNOLOGIES has moved down from Rs 1,303 to Rs 1,197, registering a loss of Rs 106 (down 8.1%)..

The BSE IT has moved down from 15,702 to 13,248, loss of 2,454 points (down 15.6%) during the last 12 months.

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What About the Benchmark Indices?

The BSE Sensex is at 31,545 (down 1.5%). The top gainers among the BSE Sensex stocks today are L&T (up 3.0%). The most traded stocks in the BSE Sensex are ONGC and RELIANCE IND..

In the meantime, NSE Nifty is at 9,228 (down 1.5%). L&T (up 3.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,565 to 31,545, registering a loss of 7,020 points (down 18.63%).

NIIT TECHNOLOGIES Financial Update...

NIIT TECHNOLOGIES net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Net Sales rose 10.5% to Rs 10.7 billion during the period as against Rs 9.7 billion in October-December 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 14.9x.



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