Buy NIIT Technologies, price target Rs 1,665: CK Narayan

CK Narayan of Chart Advise has a buy call on NIIT Technologies Ltd. with a target price of Rs 1665.0 . The current price of NIIT Technologies Ltd. is Rs 1639.2 . CK Narayan recommended to keep a stoploss at Rs 1615 .

NIIT Technologies Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 10187.23 Crore) operating in IT Software sector.

NIIT Technologies Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 1992.40 Crore to Sales Value (99.65 % of Total Sales) and Software Products which contributed Rs 6.80 Crore to Sales Value (0.34 % 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 1038.50 Crore, up 7.87 % from last quarter Sales of Rs 962.70 Crore and up 14.45 % from last year same quarter Sales of Rs 907.40 Crore Company has reported net profit after tax of Rs 125.10 Crore in latest quarter.

The company’s top management includes Mr.Ashwani Puri, Mr.Basab Pradhan, Mr.Hari Gopalakrishnan, Mr.Kenneth Tuck Kuen Cheong, Mr.Kirti Ram Hariharan, Mr.Patrick John Cordes, Ms.Holly Jane Morris. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 62,417,914 shares outstanding.