NIIT Technologies bags Rs 185cr order from AP, stock soars

NIIT Technologies gained as much as 3.6 percent on Monday after getting Rs 185 crore worth of financial management contract from the finance department of Andhra Pradesh government. But the stock came off day's high.

"Under the comprehensive financial management system project, the department will undertake a series of service improvements across all the functions of public financial management to enhance the overall efficiency and end user experience," the company said in a release sent to exchanges.

At 13:34 hours IST, the stock was up 1.39 percent to Rs 273.90 amid high volumes on Bombay Stock Exchange.

Market capitalisation of the company currently stands at Rs 1,649.90 crore.

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