Stock market analysts have maintained 'buy' rating on NIIT Technologies Ltd with an intraday target above Rs 129.

According to them, interested traders can purchase the stock around Rs 125-127 with a strict stop loss of Rs 123. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 131.

Shares of the company, on Saturday (Oct 17), closed at Rs 126.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 12.66 and 10.48 respectively. The share price has seen a 52-week high of Rs 145.30 and a low of Rs 42.50 on BSE.

NIIT Technologies Ltd declared that its consolidated second quarter results for the three month period ended September 30, 2009, climbed to Rs 226.3 crores.

Operating Profit during the period stood at Rs 45.8 Crores and PAT Rs 32.1 Crores.

On QoQ basis, the operating profit jumped 16% to Rs 45.8 crores, whereas operating margins was at 20%, up 255 bps QoQ. The PAT stood at Rs 32.1 Crores, up 82% QoQ and the directors' grants options under ESOP.

NIIT Technologies services clients in North America, Europe, Asia and Australia and concentrates on particular industry verticals, comprising banking, financial services and insurance, travel & transportation and retail & manufacturing.