NIIT Technologies zooms 31% in one week as Q3 results beat estimates

The stock hit a new high of Rs 906, up 5% on BSE, extending its past four days gain on BSE

NIIT Technologies hit a new high of Rs 906, up 5% on BSE, extending its gains for tha past four days, after the company reported a better than expected 12.4% sequential growth in consolidated net profit at Rs 756 million in December quarter (Q3FY18).

In past one week, the stock rallied 31% from Rs 692 on January 18, as compared to 2% rise in the S&P BSE Sensex. The stock of information technology (IT) company is top gainer in weekly chart among the S&P BSE 500 index.

NIIT Technologies posted consolidated revenue growth of 2.6% at Rs 7,565