Ths stocks of NIIT Limited have risen by 44.66% in the last one month and 286.62% in the last one year. NIIT is a multibagger stock having a market cap of Rs 8,729.48 Crore and is listed on BSE & NSE and a part of the S&P BSE SmallCap Index.
NIIT operates in the IT Education industry and is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements by offering training and development to individuals, enterprises, and institutions. The company was set up in 1981 to help the nascent IT industry overcome its human resource challenges.
NIIT Stock surged 3.82% last Friday moving the share price to an all-time high of Rs 652. The company has given a multibagger return of 730.26% in the last five years. Currently, it is trading at a TTM PE of 42.51.
The company has a Good Avg ROE for the last 3 Years of 40.78%, Low debt to equity ratio of 0.02, a good current ratio of 3.67, a good quick ratio of 3.67, and decent net profit growth for the last 3 years with Avg of 31.8% with no pledged shares (Source: Trade Brains Portal)
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
