The stock finally ended at Rs 107, near the day's opening. The stock pared gains and ended higher at 2.5%.
The counter witnessed trades of 200,375 shares on the BSE.
___________________________________________________
Updated at 1049 Hrs:
NIIT Technologies has surged 5% despite a drop in Q4 net.
The stock opened up 3% at Rs 108 before surging 5% to a high of Rs 110. The stock is currently trading at the same level with 71,819 shares traded on the BSE so far.
NIIT Technologies announced it's Q4 results yesterday. The profit after tax decreased 15% to Rs 26.3 crore in Q4FY09 from Rs 31 crore in the corresponding quarter a year ago. Currency fluctuations and forex losses are into the profit of the company.
Further, the board has recommended final dividends of Rs 6.50 per equity share of face value of Rs 10.