Education stocks rally as much as 12% in late morning trade
Following the announcement, Everonn Education jumped by 11.80 per cent to Rs 72.50, while Educomp Solutions spurted by 6.71 per cent to Rs 90.60 on the BSE.
Among others, MT Educare was trading higher by 4.25 per cent, Career Point (4.89 per cent), Tree House Education & Accessories (2.02 per cent) and Zee Learn (2.66 per cent).
Similarly, shares of DMC Education climbed 6.64 per cent, while ACE EDUTREND shot up by 3.46 per cent.
The Finance Minister in his budget speech also said Rs 4,727 crore will be allocated for medical education and research Rs 1,069 crore will be given to Department of Ayush.
In the broader market, the BSE benchmark Sensex was trading at 19,183.84, up 31.43 points at 1148 hrs