Tree House rallies 20% after arm sells land parcel in Thane

The company's associate company JT infrastructure Pvt. Ltd. sold part of its fixed assets including a land and building situated in Thane

Jun 20, 2018 08:06 IST India Infoline News Service

Tree House
Tree House Education stock rallied 20% after the company's associate company JT infrastructure Pvt. Ltd. sold part of its fixed assets including a land and building situated at Kalyan district in Thane near Mumbai, the company said in the filing.

The stock is currently trading at Rs8.37 up by Rs1.39 or 19.91% from its previous closing of Rs6.98 on the BSE.

The scrip opened at Rs7.50 and has touched a high and low of Rs8.37 and Rs7.22 respectively. Tree House is one of the leading providers of educational and consultancy services with 636+ centres across 96 cities. Its 90% revenue comes from pre-school centres and 10% from consultancy services. 

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