INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on NIIT Technologies Ltd
with a target price of Rs 1500
The current market price of NIIT Technologies Ltd
is Rs 1421.Time period given by the analyst is Intra Day when NIIT Technologies Ltd
price can reach defined target
Kunal Bothra recommended to keep stoploss at Rs 1410
NIIT Technologies Ltd., incorporated in 1992, has a market cap of Rs 8955.10
crore.
NIIT Technologies Ltd
key Products/Revenue Segments include Sale of services which contributed Rs 1992.40 Crore to Sales Value (99.65 % of Total Sales) and
Software Products which contributed Rs 6.80 Crore to Sales Value (0.34 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 962.70 Crore, down -.98 % from last quarter Sales of
Rs 972.20 Crore and up 16.71 % from last year same quarter Sales of Rs 824.90 Crore Company has reported net profit after tax of Rs 89.80
The company’s top management includes Mr.Ashwani Puri, Mr.Basab Pradhan, Mr.Hari Gopalakrishnan, Mr.Kenneth Tuck Kuen Cheong, Mr.Kirti Ram
Hariharan, Mr.Patrick John Cordes, Ms.Holly Jane Morris
Company has S R Batliboi - Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 62,417,914 shares outstanding.