 "NIIT Technologies hits new high on pact with flydubai")
NIIT Technologies has moved higher by 7% to Rs 593, also its new high on the BSE, 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”, NIIT Technologies said in a filing with the BSE.
The company 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 Centre of Excellence’ for flydubai. In addition, NIIT Technologies will provide support on software development projects with data centre services though its Infrastructure Management Services, it added.
Meanwhile, post Q2 results, the stock have outperformed the market by surging 29% from Rs 459 on October 15, as compared to a marginal 0.17% rise in the Sensex.
At 12:04 pm, the stock was up 5% at Rs 580 on the BSE. A combined 1.18 million shares changed hands on the counter on the BSE and NSE.
“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”, NIIT Technologies said in a filing with the BSE.
The company 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 Centre of Excellence’ for flydubai. In addition, NIIT Technologies will provide support on software development projects with data centre services though its Infrastructure Management Services, it added.
Meanwhile, post Q2 results, the stock have outperformed the market by surging 29% from Rs 459 on October 15, as compared to a marginal 0.17% rise in the Sensex.
At 12:04 pm, the stock was up 5% at Rs 580 on the BSE. A combined 1.18 million shares changed hands on the counter on the BSE and NSE.