Career Point signs MoU with Rajasthan Government; stock surges

MUMBAI: Shares of Career Point rallied over 10 per cent intraday after the company signed a memorandum of understanding (MoU) with Rajasthan Government to cater to needs of skill development.

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.

At 10:05 a.m.; the stock was at Rs 147.50, up 9.14 per cent, on the BSE. It touched a high of Rs 151.90 and a low of Rs 137.90 in early trade.