Sell NIIT Tech, price target Rs 1575: CK Narayan

CK Narayan of Chart Advise has a sell call on NIIT Technologies Ltd. with a target price of Rs 1575. The current price of NIIT Technologies Ltd. is Rs 1585. CK Narayan recommended to keep a stop loss at Rs 1605.

NIIT Technologies Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 9872.02 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.