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Shares of NIIT are locked at the upper circuit of 10% at Rs 80.95, extending their over 40% rally in the past nine trading sessions on the BSE, after the company posted a consolidated net profit at Rs 15 crore in the April-June quarter (Q1) against Rs 60 lakh in the same quarter a year ago.
The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52 on July 16, post announcement of Q1 results. The S&P BSE Sensex has declined by 2.3% during the same period.
On Tuesday, July 21, the company that is engaged in information technology (IT) training services business announced the launch of its cloud campus in China to help students get training from the best brains irrespective of their geographical locations.
"They can also get hands-on practice through lab exercises in machine rooms at NIIT centres. It has an innovative 'Anywhere Lab' feature, which allows students to practise the application of concepts learnt in the class from any part of the globe," the company said in a regulatory filing.
Till 10:27 AM, a combined 7.70 million shares changed hands and there were pending buy orders for 857,366 shares on the BSE and NSE.
The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52 on July 16, post announcement of Q1 results. The S&P BSE Sensex has declined by 2.3% during the same period.
On Tuesday, July 21, the company that is engaged in information technology (IT) training services business announced the launch of its cloud campus in China to help students get training from the best brains irrespective of their geographical locations.
"They can also get hands-on practice through lab exercises in machine rooms at NIIT centres. It has an innovative 'Anywhere Lab' feature, which allows students to practise the application of concepts learnt in the class from any part of the globe," the company said in a regulatory filing.
Till 10:27 AM, a combined 7.70 million shares changed hands and there were pending buy orders for 857,366 shares on the BSE and NSE.
