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

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.