Career Point surges on signing agreement with MSJE

Date: 10-03-2017

Career Point is currently trading at Rs. 113.05, up by 2.40 points or 2.17% from its previous closing of Rs. 110.65 on the BSE.

The scrip opened at Rs. 110.30 and has touched a high and low of Rs. 118.85 and Rs. 110.30 respectively. So far 11074 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.75 on 26-Oct-2016 and a 52 week low of Rs. 100.05 on 30-Sep-2016.

Last one week high and low of the scrip stood at Rs. 118.85 and Rs. 109.55 respectively. The current market cap of the company is Rs. 205.63 crore.

The promoters holding in the company stood at 60.87%, while Institutions and Non-Institutions held 11.61% and 27.52% respectively.

Career Point, the country’s leading education and training player, has signed an agreement with Ministry of Social Justice and Empowerment (MSJE), Government of India for IIT-JEE and Pre-Medical coaching to SC and OBC students.

Under the agreement, the Ministry will fund the entire expenditure of coaching program to SC/OBC students selected by Career point as per terms of the scheme. The agreement, which will remain in effect for a period of three years, is executed to impart coaching (tutorial) services for preparation of (a) IIT-JEE & (b) Pre-Medical. Duration of the courses will be 10 months. The Government will also provide Stipend or Allowance to the students, in addition to the course fee.

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, the company has established a strong niche in test preparation and school curriculum tutoring.

Latest Financials

Latest Financials

 - Career Point Ltd.

  Standalone Consolidated
TTM EPS (Rs) 8.62 9.75
TTM Sales (Rs. Cr.) 73.6 83.7
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
199.89 204.39
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
344 352
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
0.53 0.52
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
12.33 10.90
From the Market
52 Week High / Low (Rs) 141.75/85.20
All Time High / Low (Rs) 711.00/50.70
Volume Traded 1,652
Market Cap (Rs. Cr.) 193
Equity (Rs. Cr.) 18.13
Face Value (Rs) 10
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
48.92
106.25 1.55 (1.48%)
Jul 26, 17:59
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