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Friday 24 October 2014
News updated at 6:10 PM IST
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Education stocks rally as much as 12% in late morning trade

Mumbai, Feb 28, 2013, (PTI):

Shares of companies related to education sector surged as much as 12 per cent today after Finance Minister P Chidambaram allocated Rs 65,867 crore to the HRD Ministry and said one overarching goal is to provide education and skills to youth for securing jobs in 2013-14.

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

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Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

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Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

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Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

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A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

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Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

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A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

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