NIIT Ltd Slips 3 24% business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
NIIT Ltd has lost 1.77% over last one month compared to 5.83% gain in S&P BSE IT Sector index and 1.51% drop in the SENSEX
NIIT Ltd rose 14.39% today to trade at Rs 189.15. The S&P BSE IT Sector index is up 0.54% to quote at 26914.08. The index is up 5.83 % over last one month. Among the other constituents of the index, Happiest Minds Technologies Ltd increased 5.92% and Tanla Platforms Ltd added 5% on the day. The S&P BSE IT Sector index went up 128.46 % over last one year compared to the 79.94% surge in benchmark SENSEX.
NIIT Ltd has lost 1.77% over last one month compared to 5.83% gain in S&P BSE IT Sector index and 1.51% drop in the SENSEX. On the BSE, 42192 shares were traded in the counter so far compared with average daily volumes of 40603 shares in the past one month. The stock hit a record high of Rs 210.5 on 06 Jan 2021. The stock hit a 52-week low of Rs 74 on 03 Apr 2020.
NIIT rallies after co says share buyback to begin on April 12
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Last Updated: Apr 01, 2021, 09:58 AM IST
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Synopsis
The company said it has received final observations from Sebi on the draft letter of offer. The company said its up to Rs 237 crore buyback offer will open on April 12.
NEW DELHI: NIIT shares rallied 14 per cent on Thursday after the skills and talent development firm said its up to Rs 237 crore buyback offer will open on April 12.
In a filing to BSE, the company said it has received final observations from Sebi on the draft letter of offer.
In accordance with the SEBI (Buy-Back of Securities) Regulations, 2018, the company will dispatch the letter of offer for the buyback to eligible shareholders, appearing on the record date of February 24, 2021, on or before April 5, 2021.
NIIT share climbed 18.65% to Rs 163.50 against previous close of Rs 137.80 on BSE
BusinessToday.In | April 1, 2021 | Updated 10:50 IST
On December 24 last year, the board of directors had approved a proposal for buyback of equity shares.
NIIT Ltd stock rose 18% in early trade today after the firm said it would begin Rs 237-crore share buyback offer on April 12. The small cap share climbed 18.65% to Rs 163.50 against previous close of Rs 137.80 on BSE.
NIIT stock has gained 101% in one year but slipped 21.14% since the beginning of this year Market cap of the firm rose to Rs 2,327 crore on BSE. In a month, the share has lost 16.17%.
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NIIT: Skills and talent development firm NIIT said its up to Rs 237 crore buyback offer will open on April 12. On December 24, 2020, NIIT s Board of Directors had approved a proposal for buyback of up to 9,875,000 equity shares for an aggregate amount not exceeding Rs 237 crore. The buyback price has been fixed at Rs 240 apiece.
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