NIIT Technologies Ltd
NIITTECH

425.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

422.60

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

426.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 417.00
We recommend BUY on the stock on account of strong growth in digitization and improvements in traditional business. Topline is expected to grow at ~11% p.a. in FY16-18E. At 8.2x FY18E PE, the stock is trading at an attractive valuation. (Target Price – Rs. 470)
Detailed View
50 DMA (.)
422.32
100 DMA (.)
420.76
200 DMA (.)
434.61
Weekly Range (.)
408.05
428.90
Monthly Range (.)
404.25
428.90
52 Weeks Range (.)
366.55
587.00
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