NIIT a standout stock in midcap IT space: Jagdish Malkani, Member, NSE & BSE

In a chat with ET Now, Jagdish Malkani, Member, NSE & BSE, shares some stock ideas.

ET Now: Would you like to share some of your stock ideas with us?

Jagdish Malkani: NIIT Limited seems to be a standout stock in midcap IT. We have always like this stock, and we still like it. It is a great play on NIIT Tech. It is the holding at 20-odd plus, or 22%. NIIT Tech is doing extremely well in the midcap IT space.

NIIT Limited itself, with its accent on education, is the pioneer in IT education. More importantly, they have also become a solid player in the whole cloud space. The international operations have again started picking up. Besides, they had streamlined the US story too.

NIIT Limited has kind of turned sluggish, as the stock had gone to 65 in the trade-for-trade.

But gradually, one will find that the stock still has some ways to go.