Stock of this e-learning firm has zoomed 113% from issue price in 3 weeks

Veranda Learning was locked at the upper circuit for the eight straight trading day, up 5 per cent at Rs 291.20 on the BSE, and had zoomed 70 per cent since April 20.

Shares of recently listed Veranda Learning Solutions were locked at the 5 per cent upper circuit at Rs 291.20 on the BSE on Monday in an otherwise weak market. Till 01:45 PM, around 69,000 equity shares had changed hands and there are pending buy orders for 402,221 shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.50 per cent at 56,779.

The stock of the company which offers online and offline coaching services for a variety of courses was locked at the upper circuit for the eight straight trading day, having surged as much