IPO stock: Veranda Learning zooms by more than 60 per cent in just 11 trading sessions

Veranda Learning is also on an acquisition spree as the company has recently acquired a highly-profitable business of TIME for Rs 287 crore.

The equity markets are trading volatile and the majority of shares have delivered negative returns in April 2022 so far; however, the shares of the newly-listed Veranda Learning are seen creating wealth for its shareholders. The shares of Veranda Learning have jumped at least 70 per cent from the levels of Rs 131.25 per share seen on April 11 this year. In just 11 trading sessions, the shares of Veranda Learning have gained by 70 per cent.   

The competent management and bullish business outlook have got thumbs up from the investing community. Veranda Learning is eyeing over 1,000 crore revenue in 2-3 years and the management expects a healthy EBITDA margins over this period.   

The above-average growth potential of Veranda Learning is making investors chase the stock. The shares of Veranda Learning are locking back-to-back upper circuits, showcasing the huge demand for the shares.   

Veranda Learning is also on an acquisition spree as the company has recently acquired a highly-profitable business of TIME for Rs 287 crore.  

The share of Veranda Learning made a fresh high for itself and is seen locked at 10 per cent upper circuit after gaining by more than Rs 20 per share to trade at Rs 223.60 per share.  

Veranda Learning Solutions offers a bouquet of training programs for competitive exam preparation, including State Public Service Commission, banking, insurance, railways, IAS, and CA, as well as a slew of professional skilling & upskilling programmes in trending technologies.  

In the meantime, the key benchmark indices are seen trading weak. BSE Sensex is down by approximately 4 per cent since the beginning of this month.