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Career Point surges on plan to provide tutorial services to TIGPS students

05 Jan 2015 Evaluate

Career Point is currently trading at Rs. 169.80, up by 4.00 points or 2.41% from its previous closing of Rs. 165.80 on the BSE.

The scrip opened at Rs. 169.00 and has touched a high and low of Rs. 175.00 and Rs. 168.00 respectively. So far 115693 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. 137.90 respectively. The current market cap of the company is Rs. 307.17 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, and Techno India Group, renowned educational group in West Bengal have joined hands together to provide best in-class tutorial services to students of various schools managed by Techno India. The agreement is valid for five academic sessions commencing from April 01, 2015.

As per the agreement, the company will provide tutorial services to students of Techno India Group Pubic Schools (TIGPS) in class 9th, 10th, 11th and 12th students for Pre-Engineering and Pre- Medical entrance test preparation courses. The agreement covers 6 Techno India Group schools in the first year, 12 schools in next 2 years and remaining later on.

Techno India Group, operating since 1985, is the largest educational group in Eastern India with more than 50 state of the art campuses including private universities, colleges and schools.

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.

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