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Navneet Education surges on allotting commercial papers worth Rs 30 crore

10 Jan 2020 Evaluate

Navneet Education is currently trading at Rs. 97.65, up by 1.20 points or 1.24% from its previous closing of Rs. 96.45 on the BSE.

The scrip opened at Rs. 99.00 and has touched a high and low of Rs. 99.25 and Rs. 96.50 respectively. So far 12932 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 119.50 on 15-Apr-2019 and a 52 week low of Rs. 87.00 on 18-Dec-2019.

Last one week high and low of the scrip stood at Rs. 99.25 and Rs. 88.05 respectively. The current market cap of the company is Rs. 2212.03 crore.

The promoters holding in the company stood at 61.85%, while Institutions and Non-Institutions held 21.91% and 16.25% respectively.

Navneet Education has issued and allotted 600 units of Commercial Paper (CP) of Rs 5,00,000 each, aggregating to Rs 30 crore at a discount rate of 5.35% p.a. The Issue Date of CPs is January 09, 2020, while redemption date is March 18, 2020.

Navneet Education is engaged in publishing educational and children books and stationary products.

Peers
Company Name CMP
D.B. Corp 184.70
Jagran Prakashan 61.78
HT Media 23.43
Navneet Education 124.25
S Chand And Company 133.05
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