Navneet Education surges on BSE

Board meeting to consider and approve proposal to buy back shares

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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.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital 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.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Indian Printer and Publisher’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

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