Educomp Solutions fell 7.09% to Rs 3,125 at 13:30 IST on BSE even as it reported 180.99% rise in net profit to Rs 16.77 crore on 129.86% rise in total income to Rs 72.09 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 3,300 and a low of Rs 3,139 so far during the day. The stock had a 52-week high of Rs 5,650 on 17 January 2008 and a 52-week low of Rs 2,203 on 25 July 2008.
From the recent low of Rs 2,699.60 on 15 July 2008 the stock rose 24.75% to Rs 3,367.95 on 24 July 2008. The stock had risen 15.87% to Rs 3,518.05 on 23 July 2008. However, it declined 4.27% to Rs 3,367.95 on 24 July 2008 after it announced acquisition of a strategic stake in A-Plus Education Solutions.
The company has an equity capital of Rs 17.28 crore. Face value per share is Rs 10.
The current price of Rs 3,125 discounts its Q4 March 2008 annualised EPS of Rs 72.97, by a PE multiple of 42.82.
Educomp will invest Rs 10.75 crores in A-Plus Education Solutions over the next two years to acquire a 76% stake in the company.
Educomp Solutions is a technology-driven, e-learning solutions provider specializing in creation, management and delivery of learning content.
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