Niit Technologies

Sebi bans person from capital markets, imposes fine in NIIT Technologies insider trading case

Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies.

Coforge Q3 net profit declines 1.1% to Rs 122 crore

Its consolidated revenue from operations rose 10.9 per cent to Rs 1,190.6 crore in the quarter under review from Rs 1,073.4 crore in the year-ago period

NIIT Technologies eyes $1 billion in yearly revenue, to expand in healthcare segment

Currently, the company, which is now getting rebranded as “Coforge”, has an annual revenue of $600 million.

Buy NIIT Technologies; target of Rs 2200: ICICI Direct

ICICI Direct is bullish on NIIT Technologies has recommended buy rating on the stock with a target price of Rs 2200 in its research report dated July 29, 2020.

Sell NIIT Technologies; target of Rs 1540: Dolat Capital

Dolat Capital is bearish on NIIT Technologies has recommended sell rating on the stock with a target price of Rs 1540 in its research report dated July 29, 2020.

Buy NIIT Technologies; target of Rs 2190: Prabhudas Lilladher

Prabhudas Lilladher is bullish on NIIT Technologies has recommended buy rating on the stock with a target price of Rs 2190 in its research report dated July 29, 2020.

NIIT Tech Standalone June 2020 Net Sales at Rs 576.50 crore, up 7.12% Y-o-Y

NIIT Tech Consolidated June 2020 Net Sales at Rs 1,057.00 crore, up 9.8% Y-o-Y

NIIT Technologies Q1 profit dips 21% at Rs 80 crore

Its revenue increased 9.8 percent to Rs 1,057 crore in the quarter under review as compared with Rs 962.7 crore in the year-ago period.

Hexaware delisting may have a nail-biting finish

The fact that the market took the share price to Rs 331 in two days as compared to the indicative price of Rs 285 announced by the company is a sign of what the public shareholders think of the offer

NIIT Technologies share buyback offer opens; what should investors do?

Vineeta Sharma of Narnolia Financial Advisors also advised investors to opt for the buyback given the stock is fairly valued at current prices.

Investors can participate in NIIT Tech share buyback through these 2 strategies

Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).

NIIT Technologies share buyback issue opens; 10 key things to know

The IT company proposed to buyback Rs 337.46 crore worth of shares through the buyback offer.

NIIT Tech Consolidated March 2020 Net Sales at Rs 1,109.30 crore, up 14.1% Y-o-Y

NIIT Technologies Rs 337 crore buyback offer to open on May 29

"This is to now inform you that pursuant to the SEBI circular...dated May 14, 2020, where certain relaxations were granted relating to procedural matters for takeovers and buybacks, the company has completed the dispatch of the letter of offer to the eligible shareholders holding shares as on record date (March 12, 2020)," it added.

Hold NIIT Technologies; target of Rs 1330: ICICI Direct

ICICI Direct recommended Hold rating on NIIT Technologies with a target price of Rs 1330 in its research report dated May 06, 2020.

NIIT Tech Consolidated March 2020 Net Sales at Rs 1,109.30 crore, up 14.1% Y-o-Y

Buy NIIT Technologies; target of Rs 1340: Prabhudas Lilladher

Prabhudas Lilladher is bullish on NIIT Technologies has recommended buy rating on the stock with a target price of Rs 1340 in its research report dated May 06, 2020.

Sell NIIT Technologies; target of Rs 950: Dolat Capital

Dolat Capital is bearish on NIIT Technologies has recommended sell rating on the stock with a target price of Rs 950 in its research report dated May 06, 2020.

NIIT Tech Consolidated March 2020 Net Sales at Rs 1,109.30 crore, up 14.1% Y-o-Y

NIIT Q4 net profit up 11.4% to Rs 113.6 crore

The company had posted a net profit of Rs 102 crore in January-March 2019 quarter, NIIT Technologies said in a statement.

Accumulate NIIT Technologies; target of Rs 1881: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on NIIT Technologies with a target price of Rs 1881 in its research report dated January 29, 2020.

NIIT Tech Standalone December 2019 Net Sales at Rs 590.60 crore, up 13.27% Y-o-Y

NIIT Tech Standalone December 2019 Net Sales at Rs 590.60 crore, up 13.27% Y-o-Y

NIIT Tech Consolidated December 2019 Net Sales at Rs 1,073.40 crore, up 10.47% Y-o-Y