India's NIIT gains as Q1 swings to profit
11/08/2023 09:50
** Shares of NIIT NIIT.NS rise as much as 5.12% to 82.20
rupees
** Stock on track to snapping four consecutive session of
loss, if gains hold
** The IT services firm reported June-qtr consolidated net
profit of 21.8 mln rupees ($263,237.34) vs loss of 64.7 mln
rupees yr ago
** Stock witnessing its most active trading session since
May 29; more than 2.1 mln shares change hands by 2:12 p.m. IST,
4.9x the 30-day avg
** Two analysts covering the stock have "buy" rating; median
PT is 430 rupees - Refinitiv data
** Stock up 11.6% so far this year
($1 = 82.8150 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))