Career Point Infosystems was locked in 20% upper circuit at Rs 143.10 at 12:04 IST on BSE, after the company's wholly owned subsidiary was granted Certificate of Registration by the Reserve Bank of India.
The company made this announcement during market hours today, 15 December 2014.
Meanwhile, the BSE Sensex was down 19.11 points, or 0.07%, to 27,330.22
On BSE, so far 12,894 shares were traded in the counter with pending buy orders of 33,089 shares at upper circuit. The stock has average volume of 10,470 shares in the past one quarter.
The stock hit a high of Rs 143.10 and a low of Rs 117.35 so far during the day. The stock had hit a 52-week high of Rs 146.75 on 26 May 2014. The stock had hit 52-week low of Rs 67.10 on 26 March 2014.
The stock had outperformed the market over the past one month till 12 December 2014, rising 1.36% compared with 2.35% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.2% as against Sensex's 1.07% rise.
The tutorial service provider has an equity capital of Rs 18.13 crore. Face value per share is Rs 10.
Career Point said that Reserve Bank of India (RBI) has granted Certificate of Registration to the company's wholly owned subsidiary Srajan Capital to commence/carry on business of non banking financial institution.
On a consolidated basis, Career Point Infosystems reported net loss of Rs 2.06 crore in Q2 September 2014 as compared to net profit of Rs 1.86 crore in Q2 September 2013. Net sales fell 1.5% to Rs 16.70 crore in Q2 September 2014 over Q2 September 2013.
Career Point Infosystems is one of the leading providers of tutorial services in India, with the main centre in Kota, Rajasthan.
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