NIIT shares jump over 14% on robust Q1 show

Shares of skills and talent development firm NIIT today surged over 14 per cent after its consolidated net profit jumped to Rs 10.4 crore for the June quarter.
The scrip zoomed 14.01 per cent to settle at Rs 101.70 on BSE. During the day, it soared 16.70 per cent to Rs 104.10.
On NSE, the shares jumped 14.34 per cent to close at Rs 102.
The company's market valuation rose by Rs 208.1 crore to Rs 1,687.10 crore.
On the equity volume front, 27.34 lakh shares of the company were traded on BSE and over one crore shares changed hands on the NSE.

NIIT today said its consolidated net profit has seen manifold jump to Rs 10.4 crore in April-June quarter of the current fiscal, helped by strong growth in corporate learning business. Its net profit was Rs 0.8 crore in the same quarter of last fiscal.
Its net revenue growth, however, was almost flat at Rs 209.9 crore during the quarter under review compared to Rs 210 crore in the year-ago period.