Career Point signed MOU with Ministry of Social Justice and Empowerment for tutorial services

Career Point Limited (NSE: CAREERP, BSE: 533260), leading education company has announced that the company has signed a new agreement in tutorial division with Government of India's) Ministry of Social Justice and Empowerment. The agreement, which will remain be effective for a period of three years, is valued at about rupees 55 million. Under the agreement, the Ministry will fund the expenditure of coaching program to SC/OBC students selected by Career point as per defined terms, at two locations namely Jaipur and Jodhpur.

Mr. Pramod Maheshwari, CMD and CEO of Career Point Limited said, "We are delighted to be associated with the honorable Ministry of Social Justice and Empowerment (MoSJE). Career Point has been delivering quality education for the last 28 years while earned a trust of about 4 lacs students from different geographies. The selection of Career Point by the Ministry further validates a conviction and confidence in our result oriented teaching methodology and dominance of brand Career Point in the test-prep segment."

Mr. Mahesh Bhangriya, VP - Corporate Strategy, Career Point Ltd further commented, "To remain on forefront of the test-prep universe, we continually explore different innovations in our service delivery. Our latest initiatives including eCareerPoint, Vedam Learning make education more inclusive, equitable and relevant. We are pleased that our efforts were well appreciated by the Ministry of Social Justice and Empowerment while awarding us the order to coach students for the next 3 years."

Shares of CAREER POINT LTD. was last trading in BSE at Rs.127.8 as compared to the previous close of Rs. 128.75. The total number of shares traded during the day was 3715 in over 134 trades.

The stock hit an intraday high of Rs. 133.2 and intraday low of 127.25. The net turnover during the day was Rs. 479669.

Source : Equity Bulls

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