India's NIIT gains as Q3 earnings rise

NIIT

31/01/2023 08:19

** Shares of NIIT  NIIT.NS  rise 4.47% to 317 rupees, the
biggest intraday gain in a week
    ** The IT services firm reported higher net profit, revenue,
and core profit for the third quarter, while core profit margins
contracted in Q3
    ** Co says that it strengthened its market position in an
uncertain macroeconomic environment
    ** Trading volume is 236,437 shares as of 1:38 p.m. IST,
0.9x the 30-day avg of 273,874 shares
    ** Both the analysts tracking the company maintain "buy";
median TP is 355 rupees
($1 = 81.6970 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))