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Career Point expands its network by 12 new tutorial centers from new session

Posted On: 2019-03-12 13:34:44

Career Point Ltd (NSE: CAREERP; BSE: 533260), nation's leading education player and training player has announced that the Company has signed twelve new agreements in tutorial division to set-up centers at multiple locations. Tutorial centers include 7 School Association Projects and 5 new Franchisee Centers. All the centers will be in operations hour the coming academic session of 2019-20. The school association projects are located at Shimla (HP), Dharamshala (HP), Madurai (TN), Pattukotai (TN), Pratapgarh (RJ) and two centers at Coimbatore (TN). New franchisee centers will commence their operations at Shahjahanpur (UP), Lucknow (UP), Jammu (JK), Vadodara (GJ) and Siliguri (WB).

"To become a global leader in providing exemplary education and providing a sustainability to existing business operations, Career Point is leveraging the most efficient modes of expansion, and strengthening by enlargement of the product portfolio through organic as well as inorganic route. The Company has further micro-level strategies for different business divisions, i.e. Tutorial services, Pro-school, K-lZ, Higher Education, Skill Development and e-Learning, which provide a forward as well as backward integration to existing businesses and availed compounded growth opportunities. Signing new agreements and launching new centers with right partners are in-line with our strategy to grow the tutorial division." said Mr. Pramod Maheshwari, Chairman and Managing Director at Career Point Limited.

Adding further on the recent developments, Mr. Mahesh Bhangriya, Vice President - Corporate Strategy at Career Point informed that, "These developments are part of an aggressive growth plan, but with very selective partners, for the divisions to expand their presence throughout the country. The update also signifies Career Point's identity at integrated solution provider across the education value chain. With addition of these new centers; Career Point network is now reached at 85 different units in 68 cities across 23 states of the country."

Shares of CAREER POINT LTD. was last trading in BSE at Rs.77.8 as compared to the previous close of Rs. 74. The total number of shares traded during the day was 5938 in over 108 trades.

The stock hit an intraday high of Rs. 78.45 and intraday low of 74.8. The net turnover during the day was Rs. 456656.


Source: Equity Bulls

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