Navneet Education surges on BSE

Board meeting to consider and approve proposal to buy back shares

489
Navneet

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.

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here