Career Point Edutech wins Rs 17.6 Cr coaching order from Maharashtra govt body

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹195.00

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+8.7% vs market

Education peers, median of 13sector+2.9%+6.3% vs sector

On the reaction day the stock moved 8.7 pts more than Nifty Microcap 250 and 6.3 pts more than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+9.2+0.5+8.7+2.9+6.3

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+6.8-0.1+6.9+0.2+6.5

+6.5+1.0+5.5+0.0+6.5

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AI summary

Career Point Edutech secured a Rs 17.6 crore work order (Rs 17,60,50,000) from MAHAJYOTI, an autonomous institute of the Government of Maharashtra in Nagpur. The order covers online coaching for 3,500 students preparing for 12th JEE, NEET, and CET exams, including live lectures, mentoring, study material, and tablets with data connectivity. Students are sponsored by MAHAJYOTI from Maharashtra's Other Backward Bahujan Welfare Department. The contract runs for 2 years and is extendable by up to 2 more years.

Likely market impact

New government-backed contract adds revenue visibility for 2-plus years and expands reach in Maharashtra coaching segment.