/ Navneet Education Rises Over 4% As It Reports Robust Quarterly Result ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 29 May 2017

Navneet Education on last Friday reported a standalone net profit of Rs 16.86 crore for the quarter ended March 31, 2017, an increase of 80.32%, as against Rs 9.35 crore in the same quarter of the previous fiscal.

The board of directors of the company at its meeting held on May 26, 2017, has recommended a dividend of Rs. 2.50 (125%) per share on equity shares of Rs 2 each for the financial year ended March 31, 2017.

Meanwhile, the stock is up by 4.5% at Rs 175.45 per share at 14:14 hours IST on BSE. It witnessed a spurt in the volume by more than 6.41 times. The stock also hit a new 52-week high value of Rs 182.40.

Navneet Education Limited is engaged in the business of publication of education and non-education books, and manufacture of paper and non-paper stationery products.

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