Core Education Stock Crash

Core Education shares dropped as much as 65 per cent to Rs. 99 before making some recovery. It is India's largest global education company and provides transformational and innovative solutions in the education space. Core Education had reported a consolidated sales turnover of Rs. 485 crore and a net profit of Rs. 68 crore for the October to December quarter.LIC has 2% stake in core education,many leading FII have 12% stake. As rumors were saying selling of pledged shares, which have gone completely wrong. As management have clarified and as per exchange data  Cresta Fund sells 13.75 lakh shares of CORE Education where the daily average is just 30K shares because of this demand and supply mismatch stock took a plunge. To add to woes stock does not have any circuit filters. Stock fundamentals have not ...


Continue Reading