Veranda Learning freezes at 10% upper circuit; up 67% against issue price

In the past two days, the stock has rallied 15% after the company signed a definitive agreement to acquire T.I.M.E. (Advanced Educational Activities Pvt Ltd) for a consideration of Rs 287 crore

Shares of recently listed Veranda Learning Solutions were locked at the 10 per cent upper circuit at Rs 229, also its new high on the BSE, on Wednesday as against a 0.64 per cent dip in the S&P BSE Sensex. The market price of Veranda Learning has zoomed 67 per cent relative to its issue price of Rs 137 per share on the BSE.

Veranda Learning, which offers online and offline coaching services for a variety of courses, had made stock market debut on April 11, 2022. In the past two days, the stock has rallied 15 per cent