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NIIT Technologies trades in green on the BSE

NIIT Technologies is currently trading at Rs. 1396.00, up by 2.05 points or 0.15% from its previous closing of Rs. 1393.95 on the BSE.

The scrip opened at Rs. 1390.00 and has touched a high and low of Rs. 1415.20 and Rs. 1390.00 respectively. So far 5319 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1540.50 on 28-Aug-2019 and a 52 week low of Rs. 1031.30 on 26-Nov-2018.

Last one week high and low of the scrip stood at Rs. 1452.85 and Rs. 1361.90 respectively. The current market cap of the company is Rs. 8713.54 crore.

The promoters holding in the company stood at 33.91%, while Institutions and Non-Institutions held 52.77% and 13.32% respectively.

Fennech Financial has entered into a partnership with NIIT Technologies to develop joint go-to-market programs designed to accelerate digital transformation of clients’ finance functions in the Banking and Financial Services industry with advanced AI & ML solutions built on F3 platform. Fennech’s F3 is a highly configurable ‘platform-as-a-service’ that automates finance processes, providing high visibility and control, whilst increasing efficiency and enabling faster decision-making.

As part of the partnership, NIIT Technologies and Fennech will collaborate globally to deliver intelligent services, built on F3 platform, integrated with NIIT Technologies’ cognitive frameworks, digital experience, and process re-engineering capabilities. This robust solution will result in improved visibility, robust control and audit across core activities such as cash reconciliation, payment generation, liquidity management, regulatory reporting and multi-party netting.

NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia, and Australia. NIIT Technologies services clients in travel and transportation, banking and inanely, services, insurance.

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