NIIT TECHNOLOGIES at All Time High; BSE IT Index Down 0.3%

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NIIT TECHNOLOGIES at All Time High; BSE IT Index Down 0.3%
Wed, 25 Jul 11:42 AM

NIIT TECHNOLOGIES share price has hit an all-time high at Rs 1,247 (up 1.8%).

Meanwhile, the BSE IT Index is at 14,715 (down 0.3%).

Among the top gainers in the BSE IT Index today are NIIT TECHNOLOGIES (up 1.8%) and ORACLE FINANCIAL SERVICES (up 0.3%)

TECH MAHINDRA (down 0.1%) and ZENSAR TECHNOLOGIES (down 0.2%) are among the top losers today.

Over the last one year, NIIT TECHNOLOGIES has moved up from Rs 536 to Rs 1,247, registering a gain of Rs 712 (up 130.6%).

The BSE IT has moved up from 10,430 to 14,715, registering a gain of 4,285 points (up 40.3%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were L&T INFOTECH LTD (up 140.0%), KPIT TECHNOLOGIES (up 138.3%) and NIIT TECHNOLOGIES (up 130.6%).

What About the Benchmark Indices?

The BSE Sensex is at 36,928 (up 0.1%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.0%), YES BANK (up 1.9%) and BAJAJ AUTO (up 1.4%). Other gainers include VEDANTA LTD (up 1.3%) and HERO MOTOCORP (up 1.1%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ITC LTD.

In the meantime, NSE Nifty is at 11,153 (down 0.1%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 3.6%), BAJAJ FINSERV (up 2.5%) and YES BANK (up 1.9%). Other gainers include ADANI PORTS & SEZ (up 1.9%) and VEDANTA LTD (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 32,246 to 36,928, registering a gain of 4,682 points (up 14.3%).

NIIT TECHNOLOGIES Financial Update...

NIIT TECHNOLOGIES net profit grew 9.4% YoY to Rs 904 million for the quarter ended June 2018, compared to a profit of Rs 826 million a year ago. Net Sales rose 9.0% to Rs 8.2 billion during the period as against Rs 7.6 billion in April-June 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 22.0x.



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