You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

NIIT jumps about 6% in two sessions

Capital Market 

rose 1.13% to Rs 89.60 at 12:06 on BSE, extending yesterday's 4.73% rise triggered by the company's strong Q4 March 2017

Meanwhile, the S&P Sensex was down 112.86 points, or 0.37% to 30,545.91.

On the BSE, 1.91 lakh shares were traded in the counter so far, compared with average daily volumes of 2.52 lakh shares in the past one quarter. The stock had hit a high of Rs 91.20 and a low of Rs 87.05 so far during the day. The stock hit a 52-week high of Rs 107.80 on 20 September 2016. The stock hit a 52-week low of Rs 67 on 9 November 2016.

The stock had outperformed the market over the past one month till 17 May 2017, rising 11.73% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.87% as against Sensex's 8.33% rise.

The small-cap company has equity capital of Rs 33.17 crore. Face value per share is Rs 2.

NIIT's consolidated net profit rose 70% to Rs 30.20 crore on 51% increase in net revenue to Rs 361.50 crore in Q4 March 2017 over Q4 March 2016. Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 30% to Rs 17.20 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during trading hours yesterday, 17 May 2017. Shares of rose 4.73% to settle at Rs 88.60 yesterday, 17 May 2017. The stock has risen 5.91% in two trading sessions from its close of Rs 84.60 on 16 May 2017.

On a consolidated basis, NIIT's net profit fell 3% to Rs 65.10 crore on 18% increase in net revenue to Rs 1187.70 crore in the year ended March 2017 over the year ended March 2016. Consolidated EBITDA rose 7% to Rs 76 crore in the year ended March 2017 over the year ended March 2016.

is a leading skills and talent development corporation that is building a manpower pool for global industry requirements.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 12:10 IST