Navneet Education surges on BSE

Board meeting to consider and approve proposal to buy back shares


Navneet Education, formerly known as Navneet Publications (I), is in the business of educational, children and general books publication, scholastic paper and non-paper stationary products.

Navneet Education rose 5.46% to Rs. 124.6 on BSE after the company scheduled a board meeting on 20 August 2018, to consider and approve a buyback proposal of its equity shares. The announcement was made on 13 August 2018. Meanwhile, the S&P BSE Sensex was up 136.79 points or 0.36% at 37,781.69.

On the BSE, 71,000 shares were traded on the counter so far against the average daily volumes of 44,000 shares in the past two weeks. The stock had hit a high of Rs. 127.05 and a low of Rs. 120.35.

The stock hit a 52-week high of Rs. 179.85 on 18 September 2017, and a 52-week low of Rs. 108.60 on 27 July 2018.

Navneet Education reported 15.18% growth in net profit to Rs. 126.29 crore at 17.72% growth in total income to Rs. 677.05 crore in Q1 June 2018 over Q1 June 2017.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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