NIIT TECH Ltd

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. 

NIIT TECH

NIIT TECH
Face value Rs 10 Dividend 80%
Previous update: Link

Buy above 275 for possible tgts of 279 .. if able to sustain above 280 look for 288 and 294

NIIT Technologies Ltd

NIIT Technologies Ltd
Face value Rs 10 Dividend 80%

The stock has all the positives its in IT sector benefiting from the Rupee fall, possible take over candidate, increasing sales and management projected margin expansion. Results for the Q4 were not as bad as they were treated. Must have kind of stock for all the investors looking for a quality company to invest in.

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NIIT TECH

NIIT Tech

Face value: Rs 10 Dividend 75% (increasing 5% per year)

This stock is a take over candidate and as per un-confirmed rumors Dell is likely to make a bid. Day before yesterday silently stock made a high of 288 (might be a indicator of the expected price of acquisition) and that seems to be resistance as well. Today is the result day, I expect the stock to bounce up by another 10-15 Rs provided no negative surprises are hidden in the results.

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.