Navneet Education slips after poor Q3 result

Navneet Education fell 1.14% to Rs 103.80 at 14:12 IST on BSE after net profit declined 4.4% to Rs 11.84 crore on 0.8% rise in total income to Rs 135.08 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after market hours yesterday, 9 February 2015.

Meanwhile, the BSE Sensex was down 111.67 points, or 0.4%, to 28,115.72

On BSE, so far 8,120 shares were traded in the counter, compared with an average volume of 33,723 shares in the past one quarter.

The stock hit a high of Rs 104.80 and low of Rs 103 so far during the day. The stock hit a record high of Rs 118.45 on 14 January 2015. The stock hit a 52-week low of Rs 52.75 on 17 February 2014.

The stock had underperformed the market over the past one month till 9 February 2015, falling 4.85% compared with 2.80% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 1.89% as against Sensex's 1.29% rise.

The small-cap company has an equity capital of Rs 47.64 crore. Face value per share is Rs 2.

Navneet Education, formerly known as Navneet Publications (India), is in the business of educational, children and general books publication, scholastic paper and non-paper stationery products.

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