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    NIIT Tech share price: Trending stocks: NIIT Tech shares jump over 6%

    ByRealtrade.news

    7月 29, 2020


    NEW DELHI: Shares of NIIT Technologies Ltd. traded 6.1 per cent up in Wednesday’s trade at 11:23AM (IST). Around 70,852 shares changed hands on the counter.

    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.

    Key Financials

    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.

    Shareholding pattern

    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.

    Valuation ratio

    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.





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