Trending stocks: NIIT shares up nearly 2% in early trade

NEW DELHI: Shares of NIIT Ltd. traded 1.63 per cent up in Thursday's trade at 10:45AM (IST). Around 19,724 shares changed hands on the counter.

The scrip opened at Rs 92.1 and touched an intraday high and low of Rs 94.05 and Rs 92.1, respectively, in the session so far. Shares of the company of NIIT Ltd. quoted a 52-week high of Rs 115.55 and a 52-week low of Rs 53.55.

Total market cap of the NIIT Ltd. stood at Rs 1319.57 crore at the time of writing this report.


NIIT will announce its March quarter earnings today.

Key Financials
The company reported consolidated net sales of Rs 247.56 crore for the quarter ended 31-Dec-2019, up 4.66 per cent from previous quarter's Rs 236.54 crore and up 8.69 per cent from the year-ago quarter's Rs 227.77 crore.

The net profit for latest quarter stood at Rs 27.144 crore, up 39.72 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 12.42 per cent stake in the company, while foreign institutional investors held 17.26 per cent and the promoters 34.34 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 0.98 and a price-to-book ratio of 1.85. 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 Ltd. belongs to the IT Training Services industry.