Buy NIIT Technologies, target Rs 574.40: ICICI Direct

ICICI Direct has a buy call on NIIT Technologies with a target price of Rs 574.40.

The current market price of NIIT Technologies is Rs 562.45.

Time period given by the analyst is intraday when NIIT Technologies price can reach defined target.

ICICI Direct recommended to keep a stop loss at Rs 558.80.

NIIT Technologies, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3,450.77 Crore) operating in Information Technology sector.

NIIT Technologies key Products/Revenue Segments include Sale of services which contributed Rs 1,587.50 Crore to Sales Value (99.52 per cent of Total Sales) and Software & Others which contributed Rs 7.60 Crore to Sales Value (0.47 per cent of Total Sales)for the year ending 31-Mar-2017.

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 30-06-2017, the company has a total of 61,396,174 shares outstanding.