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Buy NIIT, target of Rs 132: Emkay
Posted by Yogesh on Friday, 20 June, 2008
Emkay Research has maintained its buy rating on NIIT with a price target of Rs 132 in its June 13, 2008 research report. “NIIT reported strong Q4FY08 numbers with revenues of Rs 2725 million helped by operating margin expansion and higher other income.”
“We remain confident on the prospects of the retail training business as well expect more ICT wins in the coming quarters in the Institutional business. We maintain �BUY� with a price target of Rs 132,” says Emkay’s research report.
Source Moneycontrol
