Post Budget reactions for the Education and Skill sector

Vijay K Thadani, Vice Chairman & Managing Director, NIIT Ltd

We welcome the focus on education, skills, job creation and entrepreneurship in this budget. Emphasis on promoting excellence in higher education on a level playing field by identifying 10 public and 10 private institutions, is a good move.

Digital repository for validation of qualification will provide a great boost to high employment industries, such as the IT sector. Also, upgradation of National Career Services will produce more effective connection of jobs with skills.

The maturity of digital technology and its role in the society is visible from the fact that MOOCs will be used for mentoring new entrepreneurs.

Shares of NIIT LTD. was last trading in BSE at Rs.70.25 as compared to the previous close of Rs. 69.2. The total number of shares traded during the day was 329318 in over 3017 trades.

The stock hit an intraday high of Rs. 72.3 and intraday low of 69. The net turnover during the day was Rs. 23244746.

Source : Equity Bulls

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