BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains buy on NIIT Technologies
NIIT Tech reported above-expected earnings in Q4. Despite soft revenue growth, operating margins at 14.2 per cent came in better than expectations. Current valuations at 8.1 times FY18 are cheap, and improving large-deal wins and margin delivery would support a re-rating.