Niit Technologies Limited has informed the Exchange regarding a press release dated August 24, 2009, titled "NIIT Technologies receives Top Honors again in the Travel Industry Survey". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Technically NIIT TECH is looking on solid wicket. Keep this stock under your radar list as fundamentally this is a best stock in the software segment. Three cheers.
FII`s made net purchases in equity worth Rs.4902.70 crores in the month of August and major chunk has come in the last two trading days of August as per the Sebi data which means Fii driven the nifty to highest monthly august closing. In other words it shall be in the interest of Fii to keep market high otherwise their large chunk of investment shall be under losses. This gives feeling that sooner or later we may see again buying by Fii which shall take this time market to new high. Buy on dips at strong support shall be good investment strategy and stocks under scanner should be Niit tech, sci, orient paper, ansal infra, india bulls securities where lot of positive happening shall drive the stock in the higher range. Three cheers.