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Tuesday, 10 January 2017

Navneet Education is making waves in markets today even as the broader markets rally on Tuesday trying to break the narrow trading range it has been trading in.

Publisher of general and children books, Navneet Education Limited, traded on 52-week high today at 131.15. Navneet had acquired global digital media company, Britannica’s India curriculum division in the month of December 2016.

Navneet Education Limited is a large cap company with market capitalisation of Rs 3067 cr. The stock opened above 0.64% at 125.20 today.

The company’s net profit has grown at an average of 13% over the last five years. The company’s revenues have slumped from Rs 560.54 cr in the Q1 FY17 to Rs 171.39 cr in Q2 FY17. Sensex is trading at 26874 levels up by 149 points on intraday.
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