NIIT Tech scales 52-week high, ends off day's high
BS Reporter / Mumbai Aug 17, 2009, 15:44 IST
NIIT Technologies surged 3% to settle at Rs 130. The counter clocked a volume of 4.82 million shares as against its two-week average traded quantity of 321,073 shares.
_________________________________________________________ (Updated 1052 hrs)
NIIT Technologies continues to attract singificant buying interest for the second trading day in a row. The stock had hit the 20% upper circuit on Friday, and has surged 36% in a month's time.
The stock today opened at Rs 126, slipped to a low of Rs 125 and then zoomed to a touch a high of Rs 145 which is also the all-time high. The scrip is now trading at Rs 144, up 13% from the previous close. The counter has so far clocked heavy volumes of 2.64 million shares as compared to 321,073 shares traded on the BSE.
NIIT Technologies registered a decline of around 58% in its net profit to Rs 10.30 crore for the first quarter, ended June 30.
The income from operations has also seen a dip to Rs 118.49 crore in the latest quarter as compared to Rs 124.28 crore in the previous quarter, a year ago.
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