NIIT Technologies share price gained as much as 7.48 per cent intraday on Tuesday after the company announced a long-term strategic agreement with Dubai-based airline flydubai. (Photo: Reuters)
NIIT Technologies share price gained as much as 7.48 per cent intraday on Tuesday after the company announced a long-term strategic agreement with Dubai-based airline flydubai. The agreement will enable flydubai to build airline-specific IT systems catering to all facets of its business. This will support flydubai’s programme to deliver an enhanced passenger satisfaction.
At 12.52 pm, NIIT Technologies shares were trading 4.28 per cent up at Rs 575.50 apiece. The scrip opened at Rs 560 and had touched a high and low of Rs 593.20 and Rs 554.30, respectively, in trade so far. Sensex was down 0.35 per cent at 27267.28.
NIIT Technologies plans to deliver these services through its state-of-the-art Global Delivery Center at its campus in Greater Noida. This will include a dedicated ‘Testing Center of Excellence’ for flydubai. In addition, NIIT Technologies will provide support on software development projects with data center services through its Infrastructure Management Services.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs 593.20 on 20-Oct-2015 and a 52 week low of Rs 332 on 17-Dec-2014.
Last one week high and low of the scrip stood at Rs 593.20 and Rs 517.00 respectively. The current market cap of the company is Rs 3462.71 crore.
The promoters holding in the company stood at 30.84 per cent while institutions and non-institutions held 53.18 per cent and 15.98 per cent, respectively.
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