Press Esc to close
Friday 30 January 2015
News updated at 12:58 AM IST
Weather
Max: 28°C
Min : 17°C
In Bengaluru
Sunny day

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


Go to Top

Photo Gallery
A groom leads his horse in the equine pool after working out on the track, during early morning...

A groom leads his horse in the equine pool after working out on the track, during early morning...

A handler bathes a horse after a training session ahead of the Indian Derby in Mumbai...

A handler bathes a horse after a training session ahead of the Indian Derby in Mumbai...

Ladakhi women offering prayers during the inauguration of traditional Buddhist prayer...

Ladakhi women offering prayers during the inauguration of traditional Buddhist prayer...

A Police man takes pictures as the Raisina Hill which houses India's most important ministries...

A Police man takes pictures as the Raisina Hill which houses India's most important ministries...

A man walks on a snow covered path after in Srinagar on Thursday. Temperatures drop due...

A man walks on a snow covered path after in Srinagar on Thursday. Temperatures drop due...

A scene after light snow fall at Dal Lake in Srinagar on Thursday...

A scene after light snow fall at Dal Lake in Srinagar on Thursday...

Migratory seagulls are seen above the river Ganga during Magh Mela in Allahabad...

Migratory seagulls are seen above the river Ganga during Magh Mela in Allahabad...

President Pranab Mukherjee leaving for Beating Retreat ceremony from forecourt...

President Pranab Mukherjee leaving for Beating Retreat ceremony from forecourt...

School children perform during presentation of National Bal Shree Honour 2011 & 2012...

School children perform during presentation of National Bal Shree Honour 2011 & 2012...

Bollywood actor Anil Kapoor during inauguration of International Bicycle & Fitness Expo...

Bollywood actor Anil Kapoor during inauguration of International Bicycle & Fitness Expo...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523