Heard on the street: Educomp Solutions bounce-back on project win

Institutional investors were seen buying shares of Educomp after the company announced that it has secured a govt project

Institutional investors were seen buying shares of Educomp Solutions after the company announced that it has secured a project to offer IT learning programmes in 580 government schools across Chattisgarh.

The stock registered a smart bounce-back after it plunged close to 5%.

According to sources, a large-sized private insurance company attached to a bank and a corporate promoted fund houses were seen buying shares of the company in large numbers.

Shares of Educomp ended 2.8% higher at Rs 229.
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