Upper circuit alert: This micro-cap company with Rs 13.47 crore m-cap receives orders worth Rs 18.31 crore from the Government of Maharashtra!

Shares of the company have gained about 50 per cent in the last six months.

Ascensive Educare Limited reported in the exchange filing that our company has received a work order from Maharashtra State Skill Development Society (MSSDS), Government of Maharashtra under the Pramod Mahajan Kaushalya and Udyojakta Vikas Abhiyaan 2022 for an amount of Rs 18.31 crores. Shares of Ascensive Educare Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. 

The order is received mainly for organizing and conducting the skill development program for preparing individuals for the roles of Automotive Sales Assistant, Beauty Therapist, Customer Relationship Manager, Fitness Instructor, etc.

Ascensive Educare Limited is engaged in the business of training and skill development offering vocational training, and educational consulting in collaboration with the Central Government, State Governments, and various Industries and Industry Associations. The company is an accredited NSDC training partner provider and offers nationally recognized qualifications and skill sets that comply with industry standards. The company provides the platform for skill development at the grass root level to skilled and re-skilled the workforce of India so that they can rightfully participate in this phase of growth of the nation.

On Friday, the stock opened at Rs 41.98, with a high and low of Rs 41.98 and Rs 41.98. The stock previously closed at Rs 39.99. On Friday, the stock closed at Rs 41.98, up by 4.98 per cent.

The stock has a 52-week high of Rs 46.60 and a 52-week low of Rs 16.80. The company has a market capitalisation of Rs 13.47 crore.

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