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Career Point zooms after reporting strong Q4 results

Capital Market 

Career Point jumped 10.91% to Rs 114.40 at 11:32 on after consolidated net profit spurted 67.11% to Rs 4.98 crore on 9.43% increase in total to Rs 21.69 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 16 May 2017.

Meanwhile, the S&P Sensex was up 7.58 points, or 0.02% at 30,590.18. The S&P Small-cap index was down 3.23 points, 0.02% at 15,706.36.

High volumes were witnessed on the counter. On the BSE, 77,000 shares were traded on the counter so far as against the average daily volumes of 4,946 shares in the past one quarter. The stock had hit a high of Rs 116.85 and a low of Rs 108.45 so far during the day.

The stock had hit a 52-week high of Rs 141.75 on 26 October 2016 and a 52-week low of Rs 100.05 on 30 September 2016. The stock had underperformed the market over the past one month till 16 May 2017, declining 6.86% compared with the Sensex's 3.81% rise. The scrip had also underperformed the market over the past one quarter declining 10.11% as against the Sensex's 8.06% rise.

The small-cap company has equity capital of Rs 18.13 crore. Face value per share is Rs 10.

Career Point caters to the needs of a student throughout the life cycle of a student (KG to PhD) while operating in both formal and informal education streams.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 11:37 IST