BUY NIITTECH – SHORT TERM TARGET : Rs.220

BUY NIITTECH above Rs.190 – CMP :Rs.189.45, Short Term Target : Rs.218-220, Stop Loss : Rs.176

NIIT Technologies became an independent organisation in 2004, after spinning off from NIIT Ltd., India’s Global Talent Development Corporation. NIIT Technologies’ genesis, however, goes back over 15 years, to a time when India’s IT education pioneer, NIIT Ltd. began its foray into the software segment. NIIT not only enabled leading Indian corporates and Government institutions to build manpower skilled in the technologies they had deployed, but also helped them make optimal use of their IT investments using innovative frameworks and methodologies.

Harnessing its software engineering knowledge alongside its applications management and systems integration prowess, NIIT provided companies with solutions tailored to their specific needs and helped them realise quick RoI from their IT implementations. Over the years, NIIT Technologies has built on this expertise, enhancing its presence in markets such as Application Development and Management and Enterprise Solutions including Managed Services and BPO.

Apart from customised solutions, NIIT Technologies distinguished itself by bringing packaged software to India’s shores and giving a distinctive place to Software as a Solution in the country’s domestic market. By entering into distributorship alliances with global software leaders such as Information Builders Inc., Sybase and a host of other players, NIIT Technologies made available their state-of-the-art offerings to corporates. It was in 2002, as the revenues of NIIT’s software business increased significantly, overtaking the company’s turnover from IT education, that it was decided to flag off NIIT software as a separate entity.

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Tagged as: NIIT, Software