Buy NIIT Technologies, target Rs 1165: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on NIIT Technologies Ltd. with a target price of Rs 1165. The current market price of NIIT Technologies Ltd. is Rs 1125.3. Manas Jaiswal recommended to keep stoploss at Rs 1104 . NIIT Technologies Ltd., incorporated in the year 1992, is a midcap company with a market cap of Rs 6916.84 crore.

NIIT Technologies Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 1587.50 Crore to Sales Value (99.52 % of Total Sales) and Software & Others which contributed Rs 7.60 Crore to Sales Value (0.47 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 788.80 Crore, up 4.27 % from last quarter Sales of Rs 756.50 Crore and up 5.92 % from last year same quarter Sales of Rs 744.69 Crore Company has reported net profit after tax of Rs 97.30 Crore in latest quarter.


The company’s top management includes Mr.Amit Sharma, Mr.Arvind Thakur, Mr.Ashwani Puri, Mr.Rajendra S Pawar, Mr.Surendra Singh, Mr.Vijay K Thadani, Ms.Holly Jane Morris. Company has Price Waterhouse as its auditoRs As on 31-03-2018, the company has a total of 61,456,124 shares outstanding.