Buy NIIT, target price Rs 331: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on NIIT with a target price of Rs 331. The current market price of NIIT is Rs 313.65. Time period given by analyst is Intra Day when NIIT price can reach defined target.

NIIT Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 4155.58 Crore) operating in Services sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 284.92 Crore, up 2.57 % from last quarter Total Income of Rs 277.77 Crore and up 21.06 % from last year same quarter Total Income of Rs 235.35 Crore. Company reported net profit after tax of Rs 46.96 Crore in latest quarter.


Investment Rationale
Price volume breakout from pole and flat pattern on daily frame