Educomp Solutions Limited surged 5.5% to Rs.14.05 after the company has accorded its approval to divest its entire shareholding in Vidya Mandir Classes Limited (being 67% shareholding of VMCL), a subsidiary of the Company and Educomp Learning Hour Private Limited, a step down subsidiary of the Company (hereinafter collectively referred to as the "Sale Share")- by executing the share purchase agreement dated July 25, 2016 with the buyer.
The scrip opened at Rs. 15.3 and touched a high and low of Rs. 15.3 and Rs. 13.9 respectively. A total of 4657193(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 163 crore.
The BSE group 'B' stock of face value Rs. 2 touched a 52 week high of Rs. 18.25 on 05-Jan-2016 and a 52 week low of Rs. 9.74 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 13.8 and Rs. 13 respectively.
The promoters holding in the company stood at 44.78 % while Institutions and Non-Institutions held 1.45 % and 53.78 % respectively.
The stock traded above its 200 DMA.