{"id":131858,"date":"2024-08-23T13:47:04","date_gmt":"2024-08-23T08:17:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131858"},"modified":"2024-08-23T13:47:08","modified_gmt":"2024-08-23T08:17:08","slug":"stock-jumps-10-after-companys-promoter-buys-2-62-stake-from-fii","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-10-after-companys-promoter-buys-2-62-stake-from-fii\/","title":{"rendered":"Stock jumps 10% after company&#8217;s promoter buys 2.62% stake from FII"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-500798131\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of this small-cap company gained up to 10 percent after the company\u2019s promoter bought 2.62 equity shares from foreign institution investor.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1674090068\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NIITLTD\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Niit Ltd<\/a><\/strong> has a market capitalization of Rs 1,757.89 crore, the shares were trading at Rs 129.90 per share, increasing around 8 percent as compared to the previous closing price of Rs 118.95 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason For Rise:-&nbsp;<\/strong><\/h2><p>The company shares have seen positive movement today after the Pawar Family and Thadani Family, promotors of Niit Ltd, bought 35,38,051 equity shares which is equivalent to 2.62 percent of the company from Hornbill Orchid India Fund, a foreign institution investor, who offloaded its entire stake from the company.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Condition:-&nbsp;<\/strong><\/h2><p>Examining the company\u2019s financial performance, revenue jumped by 32 percent from Rs 62.55 crore in Q1FY24 to Rs 82.48 crore in Q1FY25, however during the same time frame, net profit zoomed by 237 percent from Rs 2.43 crore to 8.20 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4137894768\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Ratio analysis:-&nbsp;<\/strong><\/h2><p>The company&#8217;s critical ratios show that the return on equity increased from 0.31 percent in FY22-23 to 3.71 percent in FY23-24, while the return on capital employed increased from 1.79 percent to 4.53 percent. The net profit margin (NPM) for fiscal year 23-24 is 13.01 percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding pattern:-&nbsp;<\/strong><\/h2><p>In the company\u2019s recent shareholding pattern, the Promoters of the company own 34.66 percent while Retail shareholders own an 35.34 percent stake in the company, and Foreign Institutional Investors own a 17.43 percent stake.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company snapshot:-&nbsp;<\/strong><\/h2><p>NIIT Limited offers skills and talent development solutions to people, businesses, and organizations. The Company offers a variety of managed training services, including curriculum design and custom content production, learning delivery, learning administration, strategic sourcing, learning technology, and consulting.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3349881212\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of this small-cap company gained up to 10 percent after the company\u2019s promoter bought 2.62 equity shares from foreign institution investor.&nbsp; Niit Ltd has a market capitalization of Rs 1,757.89 crore, the shares were trading at Rs 129.90 per share, increasing around 8 percent as compared to the previous closing price of Rs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12088,12087,21846,948,936,21847],"class_list":["post-131858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-niit-latest-news","tag-niit-share-price","tag-niit-stake-buy","tag-stock-market","tag-stock-market-news","tag-why-is-niit-share-price-increasing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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