NIIT rose 1.74% to Rs 99.25 at 15:00 IST on BSE after the company said it acquired Bangalore-based start-up Perceptron Learning Solutions.
The announcement was made during trading hours today, 27 September 2016.Meanwhile, the BSE Sensex was down 111.49 points, or 0.39%, to 28,182.79.
On BSE, so far 4.76 lakh shares were traded in the counter, compared with average daily volume of 3.72 lakh shares in the past one quarter. The stock hit a high of Rs 102.40 and a low of Rs 98 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 67.55 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 September 2016, rising 3.39% compared with 1.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.53% as against Sensex's 6.67% rise.
The small-cap company has equity capital of Rs 33.13 crore. Face value per share is Rs 2.
NIIT said that the strategic acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron Learning Solutions, enabling NIIT to further accelerate its Digital Transformation initiatives StackRoute, digiNxt, and Training.com.
'Ilimi' which is Perceptron's next-gen learning platform combines leading edge developments in semantic computing, predictive analytics, learning science, and digital transformation technologies to create an environment for implementing learner-centric, immersive learning & mastery learning strategies.
Perceptron's acquisition builds on NIIT's strategic focus for a leadership role in the Digital Learning world. Together with existing platforms, this will become an integral part of NIIT's future multi-modal learning platform and 360 degree learning eco-system. Further, Perceptron's co-founders and engineering team will strengthen NIIT's technology talent pool with their proven expertise.
On a consolidated basis, net profit of NIIT declined 50.67% to Rs 7.40 crore on 11.66% rise in net sales to Rs 260.40 crore in Q1 June 2016 over Q1 June 2015.
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. NIIT has three main lines of business across the globe-corporate learning group, skills and careers group, and school learning group.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content