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Navneet Education gains on raising Rs 25 crore through Commercial Paper

05 May 2021 Evaluate

Navneet Education is currently trading at Rs. 74.85, up by 0.10 points or 0.13% from its previous closing of Rs. 74.75 on the BSE.

The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.90 and Rs. 74.00 respectively. So far 8870 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.10 on 17-Mar-2021 and a 52 week low of Rs. 65.50 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 76.50 and Rs. 72.85 respectively. The current market cap of the company is Rs. 1709.66 crore.

The promoters holding in the company stood at 62.33%, while Institutions and Non-Institutions held 19.92% and 17.75% respectively.

Navneet Education has raised Rs 25 crore through Commercial Paper (CP) and allotted 500 units of Commercial Paper (CP) of Rs 5,00,000 each, at a discount rate of 3.68% p.a. Redemption Date of said Commercial Paper is July 19, 2021.

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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