Buy NIIT Technologies, target Rs 1,500: Kunal Bothra
Buy NIIT Technologies Ltd. at a price target of Rs 1500.0 and a stoploss at Rs 1410 from entry point.
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 Crore in latest quarter. 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.