NIIT Share Price Quoting above 4%

At 1.40PM, NIIT share price is trading above 4 per cent at Rs. 82.50. The stock volume spurted by more than 3.42 times.

NIIT, the Training and skills development firm informed that it will buy out the 10 per cent share held by NSDC in NIIT Yuva Jyoti (NYJ) for Rs 2.85 crore in cash. It has agreed to attain 23,13,240 equity shares of NIIT Yuva Jyoti, which constitutes 10 per cent of the paid-up share capital of NYJ, from National Skill Development Corporation (NSDC) for an aggregate cash consideration of Rs 2,85,08,139.

The company holds 90 per cent stake in NYJ and after the acquisition, NYJ will turn to be a wholly-owned subsidiary of the city-based firm. It further added this is in line with the revised working arrangement agreed between NYJ and NSDC. NIIT's Digital Transformation initiative using an asset light strategy has resulted in lower project costs and NYJL will therefore not be seeking further financial assistance from NSDC for this venture. NIIT and NYJ will continue to partner with NSDC to develop skilled workforce across multiple sectors.

In September 2011,NIIT had formed a joint venture with NSDC in order  to train around 70 lakh youth by 2022, offering job-oriented training in semi-urban and rural areas. NIIT share price has a face value Rs. 2 and has touched a 52 week high of Rs. 107.95 on 20^th Sep ’16 and a 52 week low of Rs. 67.40 on 12^th Feb ’16.

NIIT is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. 

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to NIIT share price history.

NIIT acquires Perceptron Learning Solutions Private Limited

NIIT one of the global skill and talent development firms, on Tuesday, 27^th September 2016, announced that it has acquired the Bengaluru-based start-up Perceptron Learning Solutions Private Limited with the aim to accelerate its digital initiatives as well as bring in deep analytics capabilities to its learning platforms.

Commenced in the year 2014, Perceptron Learning Solutions Private Limited has been working on the development of next generation learning platforms that combine deep analytics as well as semantic computing to ensure better learning outcomes. The deep analytics entails data mining which is meant to analyze extracts and also organize large amounts of data beneficial for an organization or individual, while semantic computing involves analyzing data based on meaning, context as well as intention.

Next-gen learning platform of Perceptron, Ilimi, helps to identify areas where a learner is lacking and can provide appropriate recommendations. Ilimi is a cloud based platform, which combines short videos with personalized learning activities for its users based on its analytics and social learning.

Currently, according to NIIT runs three digital transformation initiatives - StackRoute, digiNxt, along with Training.com and Perceptron's Ilimi will bring semantic computing, predictive analytics, learning science capabilities to create learner-centric, immersive learning and mastery learning platform for its users.

NIIT share price is currently trading at Rs 94.30, up by 0.32 per cent. The intraday high and the intraday low are Rs 95.55 and Rs 92.85 respectively.

NIIT limited is one of the top 500 shares recommended by the research and analyst team of Dynamic Levels.

The book value of the Company is 48.61. The market cap of the Company as of today is Rs 1557.01 crores. The promoter holding pledge (%) of the Company is 0. The one month return of the Company was (-0.58) per cent. The face value per share is Rs 2.

Get the most important support and resistance levels of NIIT Limited at NIIT share price forecast.