NIIT plunges 15% from high on profit-taking

NIIT declined and fell to a low of Rs 29.40, down 15% from the day's high. The stock finally ended down 5% at Rs 29.70. The stock had gained nearly 25% in the last one-month.

A total of 1.43 million shares were traded at the counter on the BSE today.
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(Updated at 1134 hrs)

NIIT surged to a high of Rs 34.70, up 11%, on bagging a Rs 84.38 crore contract from the Gujarat government.

The stock however, could not hold gains and is now up 2% at Rs 31.85. Around 587,191 shares have changed hands at the BSE so far.

 

NIIT has informed the BSE through a release that it has signed a contract with the Department of Education, Gujarat to introduce computer aided learning in 1,870 government schools for classes 9-12. Earlier the company had bagged a contract with the Rajasthan government for 1,672 schools.