62.85 0.05 (0.08%)

122.87% Gain from 52W Low

13,045 Volume

NSEDec 04, 2020 03:31 PM



CL Educate Ltd.    
27 Nov 2018
62.85
0.08%
Business Line
The board of CL Educate on Tuesday approved a composite scheme of arrangement to amalgamate five of its wholly-owned subsidiary companies with itself,
CL Educate Ltd. has gained 35.02% in the last 3 Months
CL Educate Ltd.    
16 Aug 2017
62.85
0.08%
Business Line
CL Educate has invested 8 crore in Chennai-based 361 Degree Minds, a research-led edutech company. The infusion will help the two companies discover new synergies and leverage each other's...
CL Educate Ltd. has gained 59.72% in the last 6 Months
CL Educate Ltd.    
13 Apr 2017
62.85
0.08%
Business Line
CL Educate today acquired Eten, the test preparation business division of Pearson's IndiaCan Education for a Rs 6 crore and revenue sharing. Eten is a pioneer in tech-based satellite coaching for...
CL Educate Ltd.    
04 Apr 2017, 07:50AM
62.85
0.08%
CL Educate's weak listing reinforces investing basics
CL Educate's weak listing reinforces investing basics
livemint
No matter how buoyant the markets are, the weak listing reinforces the importance of investment basics such as price in conjunction with sector risks, say analysts
CL Educate Ltd. has gained 59.72% in the last 6 Months
CL Educate Ltd.    
31 Mar 2017
62.85
0.08%

Test prep and education company CL Educate had a middling listing in the stock markets today, debuting at a share price of Rs. 402 , 20% lower than the company's issue price of Rs. 502. The stock has recovered somewhat and is hovering at around Rs. 420 as of this writing.

Analysts were not bullish about the CL Educate IPO, pointing out the business risks of its strong focus on the test prep segment, and the growing competition in this industry from startups like Byju. 

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CL Educate Ltd.    
30 Mar 2017
62.85
0.08%
Cl Educate shares debut tomorrow

CL Educate, which owns the Career Launcher brand and whose IPO had completed last week, will make its stock market debut tomorrow. The company’s IPO was subscribed 1.9x times, with qualified institutional buyers (QIBs) category getting oversubscribed 3.65 times and retail investors 1.63 times. However the ‘non-institutional investor’ portion was subscribed only 21%.

Analysts had given the CL Educate IPO mixed ratings, with ICICI Securities for example, issuing an AVOID rating. The company's Career Launcher test preparation business accounts for over 45% of the company's revenues, making its balance sheet highly vulnerable to policy changes in entrance test examinations or a crackdown by the government on the test prep industry. 

CL Educate Ltd. is trading below it's 50 day SMA of 65.0
CL Educate Ltd.    
23 Mar 2017
62.85
0.08%
Business Today
The initial public offering (IPO) of CL Educate, an integrated, technology-enabled education provider, was oversubscribed 1.9 times on the last day of the offer today.
CL Educate Ltd. is trading below it's 50 day SMA of 65.0
CL Educate Ltd.    
22 Mar 2017
62.85
0.08%
Business Line
The initial public offer of CL Educate, which offers test preparation material and educational content, was oversubscribed 1.88 times at 6 pm on Wednesday, the third and last day of the offer. The...
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CL Educate Ltd.    
21 Mar 2017
62.85
0.08%
Not much enthusiasm for CL Educate IPO from analysts

CL Educate - which owns the brand Career Launcher - launched its IPO issue on March 20, and is available for subscription until tomorrow. The company aims to raise Rs 239 crore from the issue, which is priced at a band of Rs 500-502. Analysts however, are not bullish about this issue.

ICICI Securities for example, has issued an AVOID rating, and noted that the company's Career Launcher test preparation business accounts for over 45% of the company's revenues. Colleges and institute authorities have been trying to clamp down on the test prep business to discourage over-preparation and the large spends students and parents invest in entrance exam classes and training. Any changes in education policy, consequently, would impact the Career Launcher business and open it to new competition. 

In addition, the IPO may be too pricey for its segment. CL Educate's IPO price offer discounts the company’s TTM earnings by 25 times, more expensive than MT Educare which trades at about 17 times its TTM earnings. 

CL Educate Ltd. is trading above it's 200 day SMA of 49.4
CL Educate Ltd.    
20 Mar 2017
62.85
0.08%
CL Educate IPO subscribed 37% on Day 1
CL Educate IPO subscribed 37% on Day 1
livemint
The CL Educate IPO received bids for 12,18,348 shares against the total issue size of 33,32,000 shares, data available with NSE shows
CL Educate Ltd. is trading below it's 50 day SMA of 65.0
  • Stock Price (61.45) crossed below 30 Day SMA (63.37) on 25 November, 2020
  • Stock Price (62.8) crossed below 50 Day SMA (63.89) on 02 November, 2020
  • Month Change by 50.48% (Crossed threshold 20%) on 05 October, 2020
  • Day volume (381568.0) was 662% of the Month Average Volume (57565.0) on 08 September, 2020
  • Week Change by 34.41% (Crossed threshold 20%) on 08 September, 2020
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Nov. 22, 20191.00INTERIMNov. 25, 2019
Aug. 14, 20181.00INTERIMAug. 17, 2018
All dividends by CLEDUCATE