New order boosts NIIT

NIIT rose 1.3% to Rs 39 at 13:10 IST on BSE after the company said it has secured a five to ten-year contract to provide managed training services to Statoil, ASA, a Norwegian multinational oil and gas company.

The announcement was made during market hours today, 8 June 2015.

Meanwhile, the S&P BSE Sensex was down 197.55 points or 0.74% at 26,570.94.

On BSE, so far 99,000 shares were traded in the counter as against average daily volume of 1.79 lakh shares in the past one quarter.

The stock hit a high of Rs 40.35 and a low of Rs 38.05 so far during the day. The stock had hit a 52-week high of Rs 65.60 on 13 June 2014. The stock had hit a 52-week low of Rs 34.95 on 27 March 2015.

The stock had outperformed the market over the past one month till 5 June 2015, advancing 1.85% compared with Sensex's 2.45% fall. The scrip had, however, underperformed the market in past one quarter, declining 9.31% as against Sensex's 9.1% fall.

The small-cap company has equity capital of Rs 33.03 crore. Face value per share is Rs 2.

On consolidated basis, NIIT reported net loss of Rs 151.23 crore in Q4 March 2015 as against net profit of Rs 13.97 crore in Q4 March 2014. Net sales declined 4% to Rs 223.48 crore in Q4 March 2015 over Q4 March 2014.

NIIT, a global leader in Skills and Talent Development, offers multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals in over 40 countries. The company has three main lines of business across the globe - Corporate Learning Group, Skills and Careers Group, and School Learning Group.

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