Career Point soars ~6% on contract win worth Rs4.42cr from MP govt

Career Point will be offering test-prep services for JEE (main + advanced) and NEET to scheduled tribe students in Madhya Pradesh.

Oct 12, 2018 09:10 IST India Infoline News Service

Shares of Career Point Ltd surged ~6% in afternoon trade on Friday as the company announced that it has been given a work order of Rs4.42cr by Tribal Affairs Department (Govt. of Madhya Pradesh) to provide tutorial services for pre-engineering and pre-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 infrastructure for classes to be conducted by Career Point," as per a BSE filing. 

Career Point is an education company that provides professional tutoring for medical and engineering exams such as JEE Main,JEE Advanced, NEET, AIIMS, NTSE, Olympaids, and KVPY.

Career Point Ltd is currently trading at Rs73 up by Rs3.75 or 5.42% from its previous closing of Rs69.25 on the BSE.

The scrip opened at Rs69 and has touched a high and low of Rs74.80 and Rs68.80 respectively. So far 79,055 (NSE+BSE) shares were traded on the counter.

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