Buy NIIT, price target Rs 115: Kunal Bothra

Kunal Bothra has a buy call on NIIT Ltd. with a target price of Rs 115.0 . The current price of NIIT Ltd. is Rs 107.15 . Kunal Bothra recommended to keep a stoploss at Rs 99 .

NIIT Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 1516.26 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 31-12-2019, the company has reported a Consolidated sales of Rs 247.56 Crore, up 4.66 % from last quarter Sales of Rs 236.54 Crore and up 8.69 % from last year same quarter Sales of Rs 227.77 Crore Company has reported net profit after tax of Rs 26.98 Crore in latest quarter.

The company’s top management includes Mr.Anand Sudarshan, Mr.P Rajendran, Mr.Rajendra S Pawar, Mr.Surendra Singh, Mr.Vijay K Thadani, Ms.Geeta Mathur. Company has S R Batliboi & Associates LLP as its auditors As on 31-12-2019, the company has a total of 141,508,401 shares outstanding.