Shares of NIIT Technologies today rose by nearly 4 per cent after the company's consolidated net profit for the fourth quarter increased almost 23 per cent to Rs 100.3 crore.
The stock of the IT firm gained 3.84 per cent to end at Rs 488.70 on BSE. During the day, it went up by 7.42 per cent to Rs 505.60.
At NSE, shares of the company rose by 3.71 per cent to close at Rs 489.05.
NIIT Technologies on Friday reported a consolidated net profit of Rs 100.3 crore for the fourth quarter ended March 31, 2017, up almost 23 per cent compared to the year-ago period.
The growth came on the back of a one-time settlement from a government contract as well as strong momentum in the banking and financial services and Geographic Information Systems (GIS) businesses.
The net profit for the same period in the previous year stood at Rs 81.6 crore, as per the Indian Accounting Standards.
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