Career Point declines as Franklin Templeton offloads shares

Career Point lost 0.86% to Rs 109.10 at 11:10 IST on BSE after Franklin Templeton Asset Management India sold a total of 6 lakh shares of the company in bulk deals on the BSE and NSE yesterday, 22 June 2016.

Meanwhile, the S&P BSE Sensex was almost unchanged at 26,766.13.

On BSE, so far 8,490 shares were traded in the counter as against average daily volume of 27,764 shares in the past one quarter. The stock was volatile. The stock lost as much as 1.31% at the day's low of Rs 108.60 so far during the day. The stock rose as much as 1.49% at the day's high of Rs 111.70 so far during the day. The stock had hit a 52-week high of Rs 169.90 on 6 August 2015. The stock had hit a 52-week low of Rs 94.50 on 17 February 2016. The stock had underperformed the market over the past one month till 22 June 2016, sliding 1.83% compared with Sensex's 5.79% rise. The scrip had also underperformed the market in past one quarter, declining 4.14% as against Sensex's 5.67% rise.

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

Franklin Templeton Asset Management India sold 5 lakh shares of Career Point at Rs 106.11 per share in a bulk deal on the BSE yesterday, 22 June 2016. It also sold 1 lakh shares of the company at Rs 107 per share in a bulk deal on the NSE.

On consolidated basis, Career Point's net profit fell 24.5% to Rs 2.74 crore on 20.3% decline in net sales to Rs 19.82 crore in Q4 March 2016 over Q4 March 2015.

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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