NIIT Stock Rebounds Amid Broader Market Gains, Signaling Potential Trend Reversal

May 02 2025 10:15 AM IST
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NIIT, a small-cap IT education company, experienced a notable rise on May 2, 2025, reversing a two-day decline. The stock reached an intraday high, while the broader market, including the Sensex, also saw significant gains. Over the past year, NIIT has outperformed the Sensex, despite recent challenges.
NIIT, a small-cap player in the IT education sector, has shown significant activity today, gaining 7.24% on May 2, 2025. This performance outpaced the sector's growth by 4.72%, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 137.85, reflecting a 7.28% increase.

In terms of moving averages, NIIT's stock is currently above its 20-day and 50-day moving averages but remains below the 5-day, 100-day, and 200-day averages. This indicates a mixed short-term performance relative to longer-term trends.

The broader market also experienced a notable rise, with the Sensex climbing 828.35 points to reach 81,128.54, a 1.1% increase after a flat opening. The IT education sector itself has gained 2.2% today, contributing to the overall positive sentiment in the market.

Over the past year, NIIT has delivered a robust performance with a 30.93% increase, significantly outperforming the Sensex's 8.77% gain. However, year-to-date, the stock has faced challenges, showing a decline of 27.82% compared to the Sensex's 3.85% increase.
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