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Career Point slides on profit booking

Capital Market 

Career Point lost 2.82% to Rs 110.40 at 11:47 on BSE, with the stock sliding on profit booking after Wednesday's rally triggered by the company reporting strong Q4 numbers.

Meanwhile, the S&P Sensex was down 116.69 points or 0.38% at 30,542.08. The S&P Small-cap index was down 148.09 points or 0.94% at 15,532.78.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 6,536 shares in the past one quarter. The stock had hit a high of Rs 114.50 and a low of Rs 108.25 so far during the day.

The stock had hit a 52-week high of Rs 141.75 on 26 October 2016 and a 52-week low of Rs 100.05 on 30 September 2016. It had underperformed the market over the past one month till 17 May 2017, advancing 4.03% compared with the Sensex's 4.23% rise. The scrip had also underperformed the market over the past one quarter, gaining 0.18% as against the Sensex's 7.69% rise.

The small-cap company has equity capital of Rs 18.13 crore. Face value per share is Rs 10.

Shares of Career Point had surged 10.13% in a single trading session to settle at Rs 113.60 yesterday, 17 May 2017, after the company announced strong quarterly earnings after market hours on Tuesday, 16 May 2017.

Career Point's consolidated net profit spurted 67.1% to Rs 4.98 crore on 9.4% increase in net sales to Rs 21.69 crore in Q4 March 2017 over Q4 March 2016.

Career Point caters to the needs of a student throughout the life cycle of a student (KG to PhD) while operating in both formal and informal education streams.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 11:50 IST