Veteran investor Ramesh Damani's 0.59% stake purchase in NIIT Ltd. spiked its share price by 20% and contributed to a 29% increase over two trading days.

Veteran investor Ramesh Damani's 0.59% stake purchase in NIIT Ltd. spiked the company's share price by 20%, contributing to a 29% increase over two trading days. This follows NIIT's Q1 FY25 earnings report, which showed a significant rise in net profit. The company's market capitalization has increased to INR 2,081.86 crore. Promoters Pawar Family Trust and Thandani Family Trust also purchased stakes in the education company, boosting its prospects and investor confidence.