Career Point Ltd (NSE: CAREERP; BSE: 533260), nation's leading education player, has been given a work order of Rs. 4.42 Crore by Tribal Affair Department (Govt. ofMadhya Pradesh) to provide tutorial services for Pro-Engineering and Pro-Medical test preparation courses. As per the contract, Career Point will be offering test-prep services for JEE (main + advanced) and NEET to scheduled tribe students. The Department will provide all infrastructures for classes to be conducted by Career Point.
Commenting on the development Mr. Pramod Maheshwari, Chairman and Managing Director at Career Point Limited, said, "We are pleased to be selected and receiving the order by the Department for two strategic locations in Madhya Pradesh. This new project is in addition to our ongoing assignment with other govt. institutions in multiple locations. The update also signifies Career Point's identity as premier tutorial service provider for these competitive examination and one of the top educational brand in India. Having confidence on our academic quality and service delivery, we look forward for increasing our footprints across the nation by similar partnerships."
"We are expanding our tutorial network by way of associations with public and private educational group of repute. Thanks to our brand equity and leadership in providing exemplary education, we have been fairly successful in this expansion strategy. These projects not only expand our presence but also offer an annuity and sustainability to tutorial business operations." said Mr. Shailendra Maheshwari, Senior Vice-President at Career Point Ltd.
Shares of CAREER POINT LTD. was last trading in BSE at Rs.69.45 as compared to the previous close of Rs. 68.65. The total number of shares traded during the day was 403 in over 12 trades.
The stock hit an intraday high of Rs. 69.85 and intraday low of 67.15. The net turnover during the day was Rs. 27496.