Multibagger in just 6 months: This skill development company receives a new order worth Rs 3,12,18,000 from Samagra Shiksha
The stock gave multibagger returns of 130 per cent in just 6 months and a whopping 187 per cent from its 52-week low of Rs 35.60 per share.
Ascensive Educare Ltd announced a partnership with Samagra Shiksha, the national initiative for school education in India. We have entered into a Memorandum of Understanding (MOU) to implement vocational education programs in 117 government schools across Madhya Pradesh. This project aligns with the National Skill Qualification Framework (NSQF), ensuring students gain industry-relevant skills alongside their regular education.
The company is committed to delivering exceptional results and they believe this initiative will significantly contribute to the vocational education sector. Your support, as a valued stakeholder, is crucial for the program's success. The MOU focuses on vocational secondary and higher secondary education in these schools for an initial period of one academic session, with the potential for extension based on performance reviews. The total project value is 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 41.55 crore and reported positive numbers in its Quarterly Results and annual results. On Tuesday, shares of the company gained 5.85 per cent to Rs 101.70 per share with an intraday high of Rs 104.80 and an intraday low of Rs 90. 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 130 per cent in just 6 months and a whopping 187 per cent from its 52-week low of Rs 35.60 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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