Educomp down 9%, among top A group losers

MUMBAI: Educomp Solutions share was down 9 per cent at Rs 1,989 and among the top losers among A group.

Analysts tracking the stock said there is no specific news on the stock or sector. The company had announced its intentions of further issue of capital and increasing borrowing powers by way of a postal ballot on Nov 26.

The company enjoyed premium valuations in excess of 30-40 times before the market crash. Now, the stock is down by 50 per cent in last three months and 43 per cent in the last one year.

The company provides technology enabled products and services to both public and private schools, including Smart_Class, instructional and computing technology solutions (ICT solutions) and teacher training programmes (Professional Development).