Buy NIIT Technologies, target Rs 1,385: Jay Thakkar
Buy NIIT Technologies Ltd. at a price target of Rs 1385.0 and a stoploss at Rs 1325 from entry point.
NIIT Technologies Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 1619.60 Crore to Sales Value (98.40 % of Total Sales) and Software Products which contributed Rs 26.30 Crore to Sales Value (1.59 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 972.20 Crore, up .05 % from last quarter Sales of Rs 971.70 Crore and up 23.25 % from last year same quarter Sales of Rs 788.80 Crore Company has reported net profit after tax of Rs 109.90 Crore in latest quarter. The company’s top management includes Mr.Amit Sharma, Mr.Arvind Thakur, Mr.Ashwani Puri, Mr.Rajendra S Pawar, Mr.Surendra Singh, Mr.Vijay K Thadani, Ms.Holly Jane Morris. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-03-2019, the company has a total of 61,783,874 shares outstanding.