NIIT Technologies Ltd
NIITTECH

426.30

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

426.50

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

422.40

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 425.45

Last updated on 16-Jan-2017

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. 480)
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50 DMA (.)
419.79
100 DMA (.)
416.63
200 DMA (.)
450.20
Weekly Range (.)
420.00
437.90
Monthly Range (.)
402.00
447.50
52 Weeks Range (.)
366.55
587.00
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