NIIT shares jump over 5% after Q4 earnings

Shares of NIIT Ltd today rose by over 5 per cent after the company's consolidated net profit grew 70 per cent for the March quarter.
The scrip advanced by 4.73 per cent to settle at Rs 88.60 on BSE. During the day, it gained 11.11 per cent to Rs 94.
At NSE, shares of the company moved up by 5.15 per cent to close at Rs 88.80.
The company added Rs 67.46 crore to Rs 1,469.46 crore in its market valuation.
In terms of volume, 12 lakh shares of the company were traded on BSE and over 86 lakh shares changed hands at NSE during the day.

Training and skill development company NIIT today said its consolidated net profit grew 70 per cent to Rs 30.2 crore for the March quarter, helped by new contracts.
Its net revenue rose 51 per cent to Rs 361.5 crore in January-March of 2016-17 compared to the year-ago period.