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The stock traded at a P/E multiple of 66.46, while the price-to-book value ratio stood at 11.24.

The fact over the last 25, 30 years that we have been partners to DRDO and other wings of the defence ministry is actually an advantage for us from a point of view of technical prequalification.

​​The company reported a quarterly loss of Rs 130.73 crore against a profit of Rs 48.76 crore in the year-ago quarter. ​​On a sequential basis, the loss widened from Rs 78.92 crore in the June quarter.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 15.51 per cent and 4.68 per cent, respectively.

On the technical charts, the RSI of the stock stood at 39.78.

The Nifty Realty index closed 1.27 per cent up at 603.0.

“Coming to organic growth, this quarter, the NIIT Group is coming closer to the level of last year but then we have a lot to catch up with. We are also looking at the second half being more uncertain. And that is clear, to everybody. There are far too many uncertainties.”

The Nifty50 index managed to reclaim 19000 levels on Tuesday amid short covering of existing short positions in the Index futures, suggest experts.

“1,000 by 31st December is very much on the card, 10% rally, 19000 plus 2000 points. L&T should be a core holding, whether you buy it at Rs 2900 or higher. There is nothing called timing. Similarly, ICICI, L&T, Reliance, UltraTech, Maruti are five bonhomie stocks which you must have and these are declines to buy.”

As of 30-Sep-2023, promoters held 74.65 per cent stake in the company, while FIIs held 7.67 per cent and domestic institutional investors had 7.27 per cent.