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Navneet Education moves up as its arm increases stake in Genext

24 Sep 2021 Evaluate

Navneet Education is currently trading at Rs. 101.20, up by 0.75 points or 0.75% from its previous closing of Rs. 100.45 on the BSE.

The scrip opened at Rs. 100.45 and has touched a high and low of Rs. 101.45 and Rs. 99.60 respectively. So far 5057 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.55 on 17-Sep-2021 and a 52 week low of Rs. 72.30 on 19-May-2021.

Last one week high and low of the scrip stood at Rs. 107.50 and Rs. 98.10 respectively. The current market cap of the company is Rs. 2296.04 crore.

The promoters holding in the company stood at 62.33%, while Institutions and Non-Institutions held 18.97% and 18.70% respectively.

Navneet Education’s wholly owned subsidiary -- Navneet Tech Ventures (NTVPL) has completed purchase of shares from existing shareholders of Genext Students (Genext) and Genext has allotted further Equity Shares to NTVPL. Upon completion of entire transaction, NTVPL holds 51.80% of Paid up Share Capital of Genext and accordingly Genext has become subsidiary of NTVPL and Step Down subsidiary of the company.

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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