NIIT surges 41% in one week on strong Q2 results

For Q2FY22, NIIT had reported a more-than-double or 101 per cent YoY rise in its consolidated net profit at Rs 52.4 crore

Shares of NIIT hit a multiyear high of Rs 431.15 after they rallied 9 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes. In the past one week, the stock of the information technology (IT) training services company has zoomed 41 per cent after it reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). In comparison, the S&P BSE Sensex was up 0.20 per cent during the same period. The stock had hit a record high of Rs 507 on January 4, 2000.

Trading volumes on the counter nearly