NIIT TECH LTD
Face value Rs 10 Dividend 80%
As expected earlier I did not find any thing bad with the results of the company. My finding were affirmed by the markets as the stock bounced backed to the 260 levels post some initial reaction. The stock since then is consistently moving up with breaking all the resistance and consolidating around 290 levels for couple of days. The notable thing is that the stocks performance has been very strong considering the sub dud environment in the markets. Now, if the stock is able to close above 326.5 which is also its all time high (I believe that stock will easily be able to break that), it will test the levels of 378. The above posted chart is a weekly chart.
Hopefully people hop on to the ride and enjoy the upmove.
Disclaimer: I am holding some shares of the company.
Face value Rs 10 Dividend 80%
As expected earlier I did not find any thing bad with the results of the company. My finding were affirmed by the markets as the stock bounced backed to the 260 levels post some initial reaction. The stock since then is consistently moving up with breaking all the resistance and consolidating around 290 levels for couple of days. The notable thing is that the stocks performance has been very strong considering the sub dud environment in the markets. Now, if the stock is able to close above 326.5 which is also its all time high (I believe that stock will easily be able to break that), it will test the levels of 378. The above posted chart is a weekly chart.
Hopefully people hop on to the ride and enjoy the upmove.
Disclaimer: I am holding some shares of the company.
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