Shares of education companies such as Career Point, NIIT, Aptech, Educomp Solutions and MT Educare are in focus and trading higher by up to 20% on back of heavy volumes in otherwise weak market.
Career Point is locked in upper circuit of 20% at Rs 69.65 with no sellers on the counter. The stock opened at Rs 63.90 and hit a low of Rs 61.25 so far on BSE. A combined 85,358 shares have changed hands and there are pending buy orders for 84,580 shares on BSE and NSE at 1115 hours.
Career Point on Monday announced that it has launched new advanced test-prep division for GATE (Graduate Aptitude Test in Engineering), IES (Indian Engineering Services) and PSU (Public Sector Undertakings) entrances.
A valid GATE score is essential for getting admission in M.Tech and PhD programs by the reputed institutions in India. Over 500 institutes including the IITs, IISc and NITs require GATE score for admission to their master level programs. Leading public sector undertakings (PSUs) also use GATE scores for screening of new employees' recruitment, Career Point said in a statement.
Among the other individual stocks, Educomp Solutions has rallied 7% to Rs 21.20, followed by NIIT (3.3% at Rs 20.30) and Aptech and MT Educare are up 3% each at Rs 67.80 and Rs 95.65 respectively.
Career Point is locked in upper circuit of 20% at Rs 69.65 with no sellers on the counter. The stock opened at Rs 63.90 and hit a low of Rs 61.25 so far on BSE. A combined 85,358 shares have changed hands and there are pending buy orders for 84,580 shares on BSE and NSE at 1115 hours.
Career Point on Monday announced that it has launched new advanced test-prep division for GATE (Graduate Aptitude Test in Engineering), IES (Indian Engineering Services) and PSU (Public Sector Undertakings) entrances.
A valid GATE score is essential for getting admission in M.Tech and PhD programs by the reputed institutions in India. Over 500 institutes including the IITs, IISc and NITs require GATE score for admission to their master level programs. Leading public sector undertakings (PSUs) also use GATE scores for screening of new employees' recruitment, Career Point said in a statement.
Among the other individual stocks, Educomp Solutions has rallied 7% to Rs 21.20, followed by NIIT (3.3% at Rs 20.30) and Aptech and MT Educare are up 3% each at Rs 67.80 and Rs 95.65 respectively.
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