Citigroup on NIIT say,Maintain Buy (1M); Target price raised to Rs.1120 — We raise our estimates and target price to incorporate better pricing power in GNIIT and strong performance of its holding in NIIT Tech. Our new SOTP based target price of Rs1,120 incorporates organic business valuation at 12x FY09E EBIDTA (rolled forward 6 mths), current price of NIIT Tech and ElementK at acquisition price.