Buy NIIT, price target Rs 114: Kunal Bothra

Kunal Bothra of Independent Analyst has a buy call on NIIT Ltd. with a target price of Rs 114.0 . The current price of NIIT Ltd. is Rs 107.65 . Kunal Bothra recommended to keep a stoploss at Rs 100 .

NIIT Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 1758.82 Crore) operating in Services sector.

NIIT Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 313.87 Crore to Sales Value (84.97 % of Total Sales), Courseware & Training Material which contributed Rs 55.50 Crore to Sales Value (15.02 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 236.54 Crore, up 12.47 % from last quarter Sales of Rs 210.30 Crore and up 3.54 % from last year same quarter Sales of Rs 228.46 Crore Company has reported net profit after tax of Rs 208.83 Crore in latest quarter.

The company’s top management includes Mr.Anand Sudarshan, Mr.Ashish Kashyap, Mr.P Rajendran, Mr.Rajendra S Pawar, Mr.Ravinder Singh, Mr.Surendra Singh, Mr.Vijay K Thadani, Ms.Geeta Mathur. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 167,889,703 shares outstanding.