Promoters Bought 35,38,051 Shares Yesterday: Stock Rallies Over 10 Per cent Today with Heavy Volume!

The shares of the company have delivered a return of around 65 per cent to its shareholders in just 1 year.

On August 22, 2024, Hornbill Orchid India Fund sold 35,38,051 shares at a price of Rs 118 per share. Meanwhile, the Thadani Family Trust and the Pawar Family Trust each purchased 17,69,025 and 17,69,026 shares of NIIT Ltd, respectively, at the same price of Rs 118 per share.

NIIT Ltd is a leading Skills and Talent Development Corporation that is building a manpower pool to meet global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.

Today, the shares of NIIT Ltd surged over 10 per cent and are currently trading at around Rs 129.75 per share on the BSE. The current market capitalization stands at Rs 1754.50 crore. Over the past year, the stocks have delivered returns of over 60 per cent.

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According to the annual performance of the company, it reported revenue of Rs 303 crore compared to Rs 341 crore. The company’s operating profit stands at Rs 1 crore. The company’s net profit stands at Rs 40 crore compared to a profit of Rs 8 crore.

As per Quarterly Results in Q1 FY25, the company reported a quarterly revenue from operation of Rs 82.48 crore compared to a revenue of Rs 62.55 crore, representing a growth of 31.86 per cent on a YoY basis. The company posted a net profit of Rs 8.20 crore in Q1 FY25 compared to a net profit of Rs 2.43 crore.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.