NIIT Ltd Hits New 52-Week Low at Rs. 96.6 Amid Ongoing Decline
NIIT has hit a new 52-week low of Rs. 96.6, reflecting a significant downturn for the small-cap company in the Other Consumer Services sector. The stock has underperformed its sector and has seen a notable decline over the past year, raising concerns about its financial health and consecutive negative quarterly results.
NIIT has reached a new 52-week low, hitting Rs. 96.6 today, marking a significant downturn for the small-cap company in the Other Consumer Services sector. This decline comes as the stock has underperformed its sector by 0.31% and has experienced a consecutive fall over the past six days, resulting in an overall drop of 8.01% during this period. The stock's intraday low of Rs. 96.6 reflects a decrease of 2.47% from the previous close.In terms of moving averages, NIIT is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. Over the past year, the stock has seen a staggering decline of 46.83%, contrasting sharply with the Sensex's performance, which has increased by 4.10% during the same timeframe.
The company's financial health has raised concerns, with net sales declining at an annual rate of 15.74% and operating profit showing a significant negative trend. Additionally, NIIT has reported negative results for the last three consecutive quarters, further contributing to its current market position.
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