NIIT shares hit 20% upper circuit after Ramesh Damani acquires stake

NIIT shares climbed 20% to a day’s high of Rs 153.84 on the NSE after ace investor Ramesh Damani acquired a 0.59% stake in the education company, valued at Rs 10.02 crore, through an open market transaction. Over the past two trading sessions, NIIT’s stock price has soared by 29%, rising from Rs 119.08 on Thursday, August 22, to its current level.