CORE Education tumbles as IFCI offloads shares in secondary market

CORE Education & Technologies lost 5.04% to Rs 13 at 10:13 IST on BSE after IFCI sold 5.88 lakh shares of the company at Rs 13.20 per share in a bulk deal on NSE on Thursday, 11 September 2014.

Meanwhile, the S&P BSE Sensex was up 21.58 points or 0.08% at 27,017.45.

On BSE, so far 1.08 lakh shares were traded in the counter as against average daily volume of 2.93 lakh shares in the past two weeks.

The stock hit a high of Rs 13.56 and a low of Rs 12.95 so far during the day. The stock had hit a 52-week high of Rs 28.40 on 9 January 2014. The stock had hit a 52-week low of Rs 11 on 19 May 2014.

CORE Education & Technologies reported a net loss of Rs 63.35 crore in Q1 June 2014, higher than net loss of Rs 43.14 crore in Q1 June 2013. Net sales declined 48.9% to Rs 100.10 crore in Q1 June 2014 over Q1 June 2013.

CORE Education & Technologies is an education company, with global headquarters in Atlanta, US and corporate headquarters in Mumbai.

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