Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in NIITLTD.
“NIITLTD is the stock which
I would recommend to buy above Rs 113.50; this can see a upside to
levels closer to Rs 118-120 zones, keep stop loss below Rs 106”.
Cash flows for the Company
improved during the course of the year under review, with better
collections as reflected in lower receivable days at 80 at the end of
the year (compared to 93 days a year ago).
The Company made a strong
foray into Automation and Robotics, launching intelligent automation
for business operations, aimed at driving greater business benefits
for its clients globally. Towards this end, the Company has partnered
with UiPath, a Software Company that specializes in Robotic Process
Automation (RPA).
The Company also continued to
make ongoing enhancements to its existing capabilities through
investments in new emerging technologies, partnerships, and
appropriate skills to deliver exceptional customer value and
operational excellence.
NIITLTD was closed 4.73 per
cent up today at Rs 110.80 at NSE.
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