NIIT Technologies Ltd
NIITTECH

437.90

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

438.05

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

431.35

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 424.00

Last updated on 07-Dec-2016

We recommend an ACCUMULATE 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 7.9x FY18E PE, the stock is trading at attractive valuation. (Target Price – Rs. 454)
Detailed View
50 DMA (.)
415.37
100 DMA (.)
420.34
200 DMA (.)
455.76
Weekly Range (.)
410.00
441.00
Monthly Range (.)
388.00
441.00
52 Weeks Range (.)
366.55
614.50
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