Buy NIIT Technologies, target Rs 1240: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on NIIT Technologies Ltd. with a target price of Rs 1240. The current market price of NIIT Technologies Ltd. is Rs 1189.6 Time period given by the analyst is Intra Day when NIIT Technologies Ltd. price can reach defined the target. Kunal Bothra recommended to keep stoploss at Rs 1170. NIIT Technologies Ltd., incorporated in 1992, is a midcap company with a market cap of Rs 7321.31 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 30-09-2018, the company has reported a Consolidated sales of Rs 907.40 Crore, up 10.00 % from last quarter Sales of Rs 824.90 Crore and up 23.09 % from last year same quarter Sales of Rs 737.20 Crore Company has reported net profit after tax of Rs 116.70 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 30-06-2018, the company has a total of 61,486,824 shares outstanding.