Career Point bags new order of Rs 4.5 Crore

Career Point Limited (NSE: CAREERP, BSE: 533260), leading education company has announced that the company has been awarded a new order in tutorial division by District Mineral Foundation (DMF), Sundargarh, Odisha. The agreement, which will be effective for a period of two years, is valued at about rupees 45 million. Under the agreement, Career Point will be providing tutorial services with hostel facilities to aspirants preparing for JEE, NEET and CLAT. The new partnership shall be aimed to provide best in-class tutorial services of Career Point to new geographies in Odisha.

Mr. Pramod Maheshwari, CMD and CEO of Career Point Limited said, "We are pleased to be selected and receiving the order by the esteemed District Mineral Foundation. The academic quality and various innovations in service delivery by Career Point are already proven with outstanding results in various competitive examinations over the last 28 years. The Company has inked similar deals in past with many renowned organizations including NTPC, ISRO and multiple agencies of Central and State governments. Signing new agreements in new territories along with growing focus on Online education are the steps in-line with our strategy for advancement of the test-prep division."

Mr. Mahesh Bhangriya, VP - Corporate Strategy, Career Point Ltd further informed that, "Career Point is already one of the leaders in preparing students for Engineering (JEE) and Medical (NEET) entrance examination. Addition of CLAT (Common Law Entrance Test), NATA (National Aptitude Test in Architecture) and NDA (National Defense Academy) in the new order is remarkable and signifies a trust on our leadership to deliver best in-class services for test-prep segment across verticals."

Shares of CAREER POINT LTD. was last trading in BSE at Rs. 146.05 as compared to the previous close of Rs. 145.95. The total number of shares traded during the day was 6741 in over 391 trades.

The stock hit an intraday high of Rs. 150.4 and intraday low of 139.9. The net turnover during the day was Rs. 972766.

Source : Equity Bulls

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