Career Point shares surge 11% after pact with Rajasthan Skills & Livelihood Development Corporation

MUMBAI: Shares of Career Point surged 11 per cent today after the company said it has executed an MoU with Rajasthan Skills and Livelihood Development Corporation to cater needs of skill development and training opportunities.

Career Point's scrip jumped 9.17 per cent to settle at Rs 147.55 on the BSE. During the day, it gained 12.39 per cent to Rs 151.90.

At the NSE, the stock closed 10.99 per cent higher at Rs 148.50.

In terms of volume, 2.62 lakh shares of the company changed hands at the BSE, while over 8 lakh shares were traded at the NSE during the day.

The company is now empanelled as Project Implementation Agency (PIA) under employment linked skill training programme (ELSTP).

As per the guidelines under MoU, Rajasthan Skills and Livelihood Development Corporation will provide financial assistance through grant-in-aid received from the state government to ELSTP courses run by Career Point.