Q4 spreads cheer for NIIT

Dalal Street Spikes

 The counter moved up on good buying support after the company reported good quarterly results, according to market sources.

 The counter has seen good buying interest after the company announced plans to create a new company to exclusively handle its global solutions business.

 NIIT announced its fourth quarter results during afternoon trades on Friday. For Q4 ended September 30, the company (on a consolidated basis) posted a net profit of Rs 3.8 crore, on a total revenue of Rs 271.4 crore.