NEW DELHI: Shares of NIIT Ltd. traded 1.98 per cent up in Friday's trade at 11:09AM (IST). Around 40,452 shares changed hands on the counter.

The stock opened at Rs 88.0 and touched an intraday high and low of Rs 91.0 and Rs 87.0, respectively, in the session so far. Shares of the company of NIIT Ltd. quoted a 52-week high of Rs 115.55 and a 52-week low of Rs 53.55.

Total market cap of the NIIT Ltd. stood at Rs 1267.92 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 211.17 crore for the quarter ended 31-Mar-2020, down 13.41 per cent from previous quarter's Rs 243.88 crore and down 3.66 per cent from the year-ago quarter's Rs 219.2 crore.

The net profit for latest quarter stood at Rs 0.592 crore, down 97.44 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 12.42 per cent stake in the firm, while foreign institutional investors held 17.26 per cent and the promoters 34.34 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 0.96 and a price-to-book ratio of 1.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

NIIT Ltd. belongs to the IT Training Services industry.