CL Educate stock freezes at new 52-week high after centres reopen with a bang post COVID

The COVID pandemic had hit the CL Educate offline business severely over the last 18 months, however, the brand’s strong recall in key markets saw it make up the lost ground in its digital business.

Oct 13, 2021 01:10 IST India Infoline News Service

CL Educate has announced the post-COVID reopening of its centres in Delhi with the launch of a series of key marketing events in the national capital.

The Career Launcher brand has been synonymous with quality education for the past 25 years, and the organization is one of the rare EdTech giants in the country which has an equally strong digital and offline presence.

The COVID pandemic had hit the CL Educate offline business severely over the last 18 months, however, the brand’s strong recall in key markets like CAT, Law Coaching, UPSC, etc. saw it make up the lost ground in its digital business.

With the digital business poised to exhibit exponential growth and the blended business expected to return to full strength over the coming months, the company believes that it can return to pre-COVID levels of growth by the end of the current financial year.

At around 1.55 pm, CL Educate freezes at a new 52-week high of Rs96.40 per piece up 4.95% on Sensex. The stock level was also the upper circuit. 

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