NIIT Technologies Ltd drops for fifth straight session

NIIT Technologies Ltd is quoting at Rs 1325, down 3.02% on the day as on 13:24 IST on the NSE. The stock tumbled 1.13% in last one year as compared to a 17.83% slide in NIFTY and a 12.2% fall in the Nifty IT index.

Jun 12, 2020 01:06 IST capital market

NIIT Technologies Ltd fell for a fifth straight session today. The stock is quoting at Rs 1325, down 3.02% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.14% on the day, quoting at 9789.4. The Sensex is at 33144.41, down 1.17%.NIIT Technologies Ltd has eased around 6.64% in last one month.Meanwhile, Nifty IT index of which NIIT Technologies Ltd is a constituent, has increased around 3.98% in last one month and is currently quoting at 14619.45, down 2.01% on the day. The volume in the stock stood at 1.79 lakh shares today, compared to the daily average of 6.27 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 1327, down 2.91% on the day. NIIT Technologies Ltd tumbled 1.13% in last one year as compared to a 17.83% slide in NIFTY and a 12.2% fall in the Nifty IT index.

The PE of the stock is 20.25 based on TTM earnings ending March 20.

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