Espresso Shot of the Day - Navneet Education Limited up by 11.75 percent

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Espresso Shot of the Day - Navneet Education Limited up by 11.75 percent

August 03, 2022
Espresso Shot of the Day - Navneet Education Limited up by 11.75 percent

NAVNEET EDUCATION LIMITED 117.95 (+11.75%)  BSE –  INE060A01024 | 3rd August 2022

https://www.myespresso.com/images/Binge-graph-image_Navneet-Education-Limited-202208031853228084608.jpg

Navneet Education Limited is a purpose-driven organization, doing what it takes to move the needle and promulgate knowledge. The Gala Family established the brand in 1959 and since then they have been the major force in the dissemination of knowledge to the little learners of India. Over the decades, Navneet has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, and YouVa full-scapes are hot favourites amongst the youngsters of India. These products are bestsellers not just because of their superior quality but also because ’90s kids associate with them nostalgically. In December 2016, Navneet acquired Encyclopedia Britannica (India) Pvt. Ltd. for publishing CBSE Textbooks. With this acquisition, Navneet announced that it will focus on serving the regional teaching and learning needs with supplemental digital solutions.


Recent Driver

  • The Education giant reported a Quarterly Net Profit of Rs. 139.35 crores in June 2022, up 333.84% from Rs. 32.12 crores in June 2021 on August 2, 2022.
  • The company reported Net Sales of Rs 693.74 crores in June 2022, up 111.6% from Rs. 327.85 crores in June 2021 on August 2, 2022.
  • Navneet Education Ltd informed on June 24, 2022, that the Commercial paper (CP) of Rs. 35 Crores issued on April 24, 2022, was redeemed after making payment on the due date.
  • On May 18, 2022, the Board of Directors recommended a Dividend of Rs. 1.50 (75%) per share for the Financial Year ended 31st March 2022.

(Sources: BSE,  Moneycontrol)


Technical Force*

  • S&P Bse Small cap month till date gain by 1.54%
  • 3 months avg. NSE volume: 462,703
  • Quantity traded: 7,77,776| Deliverable Quantity: 2,70,355 (34.76%)
  • The stock price jumped by more than 40% from a one-year low level: of 81.20 (February 24, 2022)
  • Daily RSI (14) is at overbought territory today
  • 52-week-high: 126.65 | 52-week-low: 81.20


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

165.48

143.52

116.23

94.27

66.98

45.02

17.73

-

Fibonacci Pivot

143.52

124.70

113.08

105.59

94.27

82.94

75.45

63.83

45.02


Today’s Close

117.95

SMA

BSE

10 DAY

105.52

20 DAY

101.57

50 DAY

95.39

200 DAY

95.47


Some Key Ratios (Source: BSE)

Market Cap: 2,668.18 crores

PE:  16.28

OPM%: 15.53

ROE%:  13.01

Promoters holding%: 63.31

Prev. Close:  105.55


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.