NIIT Group stocks surge up to 10% on govt's higher education push in Budget 2016

NEW DELHI: NIIT group stocks rallied up to 10 per cent in Tuesday’s trade after the government announced the setting up of a higher education financing agency as well as the creations of Digital Depository for School Leaving Certificates, College Degrees, Academic Awards and Mark sheets.

Reacting to the policy announcement in the Budget on Monday, shares of NIIT Technologies ended higher by 10.19 per cent to hit a high of Rs 462.2 on the BSE. The parent company, NIIT, too, saw its scrips end with gains of 7.14 per cent to hit a high of Rs 75.25 on the BSE.

Both the stocks have shed slumped 24 and 27 per cent, respectively, in the year so far.