Buy NIIT, target Rs 94: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on NIIT Ltd. with a target price of Rs 94. The current market price of NIIT Ltd. is Rs 85.95. Time period given by the analyst is Intra Day when NIIT Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 82. NIIT Ltd., incorporated in 1981, is a midcap company with a market cap of Rs 2584.80 crore.

NIIT Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 288.38 Crore to Sales Value (75.60 % of Total Sales), Courseware & Training Material which contributed Rs 92.75 Crore to Sales Value (24.31 % of Total Sales), Hardware Accessories & Others which contributed Rs .32 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 228.46 Crore, up 6.63 % from last quarter Sales of Rs 214.26 Crore and up 9.65 % from last year same quarter Sales of Rs 208.35 Crore Company has reported net profit after tax of Rs -.16 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 Price Waterhouse as its auditoRs As on 30-09-2018, the company has a total of 167,042,213 shares outstanding.