Friday, July 24, 2020

NIITTECH / COFORGE | CMP : 1700 | FUTURE OUTPERFORMER

NIIT Technologies Limited \ COFORGE

CMP: 1700.10   (24 JULY 20)



NIIT Technologies Limited PROFILE & BACKGROUND


 --> NIIT Technologies Limited was incorporated in 1992 and is based in New Delhi, India.

--> NIIT Technologies Limited operates as an information technology (IT) solutions organization in North America, Europe, the Middle East, and the Asia Pacific. 

--> It focuses on three primary verticals, including banking and financial services, insurance, and travel and transportation. 

--> The company offers Tron intelligent automation services, including business process automation, IT operations automation, robotic process automation, development automation, and cognitive services; and business process services, such as finance and accounting transformation, and contract loading services.

NIIT Technologies Limited ON DAILY CHART

NIIT Technologies Limited , www.finvestonline.com

NIIT TECH stock is in strong uptrend respecting trend line. NIIT TECH stock on 24 July has broken the angular neck line sharply in the upward direction with a strong price candle , showing further price appreciation in upward direction. Long position can be made for the potential upside level of 2874 in mid term and  5878 in long term.

NIIT Technologies Limited PRICE ON MOVING AVERAGES

NIIT Technologies Limited , www.finvestonline.com

NIIT Technologies Limited stock is trading above the 50 , 100 and 200 days moving averages in strong upward trend.

NIIT Technologies Limited ANNUAL INCOME STATEMENT

NIIT Technologies Limited , www.finvestonline.com

NIIT Technologies Limited  net income increased about 10 % and Total revenue increased by about 14 % on annual basis.

NIIT Technologies Limited BALANCE SHEET


NIIT Technologies Limited , www.finvestonline.com


NIIT Technologies Limited  stock is in strong uptrend as seen in price chart and on different moving averages. NIIT Technologies Limited sales and profit also increased significantly even in the condition of global pandemic situation as seen in the annual income statement in the year March 2020.







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