NIIT Share Price Rises Dramatically Following Stake Purchases by Ramesh Damani and Promoters

Sunday, 25 August 2024, 22:34

NIIT share price jumps 29% as Ramesh Damani and company promoters increase their stakes. The stock surged to its maximum allowed limit of 20% after the announcement. This sudden rise in value reflects significant investor confidence and market enthusiasm.
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NIIT Share Price Rises Dramatically Following Stake Purchases by Ramesh Damani and Promoters

Spike in NIIT Share Price

NIIT share price experienced a remarkable surge, increasing by 29% in just two sessions following investments made by Ramesh Damani and company promoters. On Monday, NIIT shares were locked at a 20% upper circuit limit at ₹153.84 on the NSE. This significant price jump highlights heightened interest in the company’s potential and the power of influential investors.

Investor Reactions and Market Significance

The move by Ramesh Damani, a veteran investor, is indicative of strong confidence in NIIT's future growth trajectory. As stakeholders, Damani and the promoters aim to stabilize and boost the company's market presence. Investors are closely monitoring this development to gauge further price movements.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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