NIIT Tech gallops 14% on strong Q2 results

The company has posted a net profit of Rs. 411.90 million for the quarter ended September 30, 2015 as compared to Rs. 581.50 million for the quarter ended September 30, 2014.

NIIT Tech galloped 14% at Rs.561.15 on BSE today. The company has posted a net profit of Rs. 411.90 million for the quarter ended September 30, 2015 as compared to Rs. 581.50 million for the quarter ended September 30, 2014. Total Income has increased from Rs. 3204.50 million for the quarter ended September 30, 2014 to Rs. 3754.30 million for the quarter ended September 30, 2015.

The scrip opened at Rs. 493.05 and touched a high and low of Rs. 572.1 and Rs. 480 respectively. A total of 2438855(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3012.95 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 539 on 13-Aug-2015 and a 52 week low of Rs. 332 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 507.25 and Rs. 443.2 respectively.

The promoters holding in the company stood at 30.84 % while Institutions and Non-Institutions held 53.18 % and 15.98 % respectively.

The stock traded below its 50 DMA.