NIIT hits highest level after 20 years; zooms 67% in 2 months

For Q2FY22, NIIT had reported a more-than-double or 101 per cent year on year (YoY) rise in its consolidated net profit at Rs 52.4 crore on the back of strong operational performance.

Shares of NIIT rallied 8 per cent, hitting a price level of Rs 507 on the BSE in Monday’s intra-day trade after a gap of 20 years in an otherwise range-bound market. Previously, the stock of the information technology (IT) training services company touched the Rs 507 mark, also its record high on January 4, 2000 on the BSE.

At 03:54 am, NIIT was up 3 per cent at Rs 494.60, as compared to a 0.07 per cent rise in the S&P BSE Sensex. In the past two months, the stock has zoomed 67 per cent from a level