Career Point gains on plan to shortly commence education loan business

31 Dec 2014

Career Point is currently trading at Rs. 170.55, up by 0.20 points or 0.12 % from its previous closing of Rs. 170.35 on the BSE.

The scrip opened at Rs. 167.50 and has touched a high and low of Rs. 174.80 and Rs. 163.15 respectively. So far 323583 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.05 on 30-Dec-2014 and a 52 week low of Rs. 67.10 on 26-Mar-2014.

Last one week high and low of the scrip stood at Rs. 177.05 and Rs. 116.30 respectively. The current market cap of the company is Rs. 310.98 crore.

The promoters holding in the company stood at 60.50 % while Institutions and Non-Institutions held 11.63 % and 27.87 % respectively.

Career Point, nation’s leading education player, will commence operations of its NBFC business within a month’s time. The company has received an approval from the Reserve Bank of India (RBI) for the same. The company is expecting by next year in FY16 its loan portfolio would be close to Rs 25 crore in education loan space. The ticket size would be Rs 4 lakh to Rs 10 lakh per student.

Career Point caters to the needs of a student throughout the life cycle of a student (KG. to PhD.) while operating in both the Formal and Informal education streams. In the informal Education system, Career Point has established a strong niche in test preparation and school curriculum tutoring through a nationwide extensive network of Company operated branches; Franchisee centers; Technology enabled live classrooms; Online courses; School integrated programs; and Distance learning solutions.

Related Career Point Ltd. Links:

Career Point Share Price

150.90 0.15 (0.10%) Mar 02, 16:17
1 Year Price Chart
Peers
Company Name CMP
CL Educate 69.00
MT Educare 8.14
Zee Learn 11.59
Career Point 150.90
VJTF Eduservices 56.00
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Sensex vs Career Point
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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