Zee Learn corrects on profit booking

Zee Learn fell 2.63% to Rs 31.45 at 15:15 IST on BSE on profit booking after a recent rally triggered by the company's strong Q1 June 2016 results.

The result was announced after market hours on Thursday, 7 July 2016. Shares of Zee Learn rose 8.39% to Rs 32.30 on 8 July 2016.

Meanwhile, the BSE Sensex was up 485.03 points, or 1.79%, to 27,611.93.

On BSE, so far 2.20 lakh shares were traded in the counter, compared with average daily volume of 1.15 lakh shares in the past one quarter. The stock hit a high of Rs 33.50 and a low of Rs 31.20 so far during the day. The stock hit a 52-week high of Rs 46.80 on 4 December 2015. The stock hit a 52-week low of Rs 26.50 on 26.50. The stock had outperformed the market over the past 30 days till 8 July 2016, rising 14.34% compared with 1.36% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 5.56% as against Sensex's 9.94% rise.

The small-cap company has an equity capital of Rs 32.06 crore. Face value per share is Re 1.

Zee Learn's net profit surged 102.78% to Rs 8.01 crore on 17.52% increase in total income from operations to Rs 42.06 crore in Q1 June 2016 over Q1 June 2015. The company's operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 58.05% to Rs 12.96 crore in Q1 June 2016 over Q1 June 2015. Operating EBITDA margin increased to 30.8% in Q1 June 2016 from 22.9% in Q1 June 2015.

Essel Group Zee Learn is one of the leading companies in the education sector.

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