We advise investors to wait for the currency appreciation-linked downside to gradually get into the stock. : NIIT Technologies ended 2018-19 on a strong note, although its performance in Q4 FY19 was weaker-than-expected due to several one-offs. Business outlook remains bright and the management stays committed under the new private equity promoter, Baring Private Equity. The open offer limits significant near-term downside and investors should look to add the stock should there be any currency-led weakness in the IT sector. The company delivered a robust FY19 – revenue in rupee and constant currency terms grew 23.5 percent and 17.6 percent, respectively.