The stock finally ended at Rs 107, near the day's opening. The stock pared gains and ended higher at 2.5%.
The counter witnessed trades of 200,375 shares on the BSE.
___________________________________________________
Updated at 1049 Hrs:
NIIT Technologies has surged 5% despite a drop in Q4 net.
The stock opened up 3% at Rs 108 before surging 5% to a high of Rs 110. The stock is currently trading at the same level with 71,819 shares traded on the BSE so far.
NIIT Technologies announced it's Q4 results yesterday. The profit after tax decreased 15% to Rs 26.3 crore in Q4FY09 from Rs 31 crore in the corresponding quarter a year ago. Currency fluctuations and forex losses are into the profit of the company.
Further, the board has recommended final dividends of Rs 6.50 per equity share of face value of Rs 10.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app