The counter opened at Rs 1810.0 and touched an intraday high and low of Rs 1894.35 and Rs 1774.3, respectively, in the session so far. Shares of the company of NIIT Technologies Ltd. quoted a 52-week high of Rs 2057.0 and a 52-week low of Rs 739.05.
Total market cap of the NIIT Technologies Ltd. stood at Rs 11350.62 crore at the time of writing this report.
Fresh business of US$186 mn was secured by the company during the quarter, which included a large deal along with two more significant deals. A total of 11 new clients were added during the quarter. On the back of this continued deal signing momentum, the order book executable over the next twelve months increased to US$465 mn, representing a growth of 18% YonY.
The company reported consolidated net sales of Rs 1057.0 crore for the quarter ended 30-Jun-2020, down 4.71 per cent from previous quarter’s Rs 1109.3 crore and down 9.8 per cent from the year-ago quarter’s Rs 962.7 crore.
The net profit for latest quarter stood at Rs 79.9 crore, down 8.79 per cent from the corresponding quarter last year.
As of 30-Jun-2020, domestic institutional investors held 5.53 per cent stake in the company, while foreign institutional investors held 13.99 per cent and the promoters 0.0 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of 26.02 and a price-to-book ratio of 4.91. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
NIIT Technologies Ltd. belongs to the IT Consulting & Software – Mid Cap industry.