155 Per Cent Multibagger Returns From 52-Week Low; Board Likely To Announce Stock Split
The stock gave multibagger returns of 155 per cent from its 52-week low of Rs 41.5 per share.
Ascensive Educare Limited (AEL) has scheduled a Board Meeting on Tuesday, December 10, 2024, at 12:30 PM. The primary agenda items for this meeting include considering and approving the stock split or sub-division of the company's equity shares, amending the Memorandum of Association and Articles of Association as necessary, fixing the date, time, and venue for the Extra Ordinary General Meeting (EGM), and appointing a scrutinizer to oversee the EGM process. The meeting will also address any other pertinent business matters with the chairman's permission.
Earlier, Ascensive Educare Ltd. is excited to announce a partnership with Samagra Shiksha to implement vocational education programs in 117 government schools across Madhya Pradesh. This initiative, aligned with the National Skill Qualification Framework (NSQF), will equip students with industry-relevant skills. The company is committed to delivering exceptional results and seeks your support for this significant project valued at approximately Rs 3,12,18,000.
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About the Company
Ascensive Educare Ltd. is a skill development company that collaborates with the Indian government and industry associations to provide vocational training and educational consulting services. They focus on both developing new skills and reskilling the existing workforce at the grassroots level. As an NSDC-accredited training partner, Ascensive Educare offers nationally recognized qualifications that are aligned with industry standards, all delivered by experienced trainers certified by the Sector Skills Council. Their curriculum complies with NSFQ guidelines, and they've trained over 50,000 individuals in Kolkata through various hardware, networking, and management programs. Beyond these vocational qualifications, Ascensive Educare also provides short courses, workshops, and specific skill sets designed to meet the needs of professionals and businesses.
The company has a market cap of Rs 43.28 crore and reported positive numbers in its Quarterly Results and annual results. The shares of the company have a ROE of 19 per cent and an ROCE of 22 per cent. The stock gave multibagger returns of 155 per cent from its 52-week low of Rs 41.5 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.