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NIIT hits 52-week high after board approves Rs 237 crore buyback proposal

The stock hit a fresh 52-week high of Rs 209.90 today, rallied 21% in past four trading days after the company announced share buyback plan.

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The buyback price of Rs 240 per share is at a 20 per cent premium to Thursday's closing price.

SI Reporter Mumbai
Shares of NIIT rose 5 per cent to hit a fresh 52-week high of Rs 209.90 on the BSE in intra-day trade on Monday after the company on Thursday said its board has approved an up to Rs 237 crore buyback proposal at Rs 240 per equity share.

The buyback price of Rs 240 per share is at a 20 per cent premium to Thursday's closing price.

The stock of information technology (IT) services company was trading higher for the fourth straight day, having gained 21 per cent during the period after the company on December 21 announced

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First Published: Dec 28 2020 | 1:10 PM IST

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