MT Educare Ltd.

NSE: MTEDUCARE | BSE: 534312 | ISIN: INE472M01018 | Industry: Education
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MT Educare Ltd.
MT Educare Ltd.
31 Aug 2015
2.27
-4.62%
Karvy
Potential growth in Science Segment: The science segment has shown consistent growth since FY10; revenue from the science segment was Rs.214mn during FY10, which increased to Rs.765mn in FY15. We expect the number of student signups to grow at 10% and the realization per student is likely to surge by 7 to 9% thus contributing an overall growth rate of 18% for the science segment and now company is set to expand its operationsin Pune, Kolhapur and Nashik. The Karnataka Pre-University (PU) College Tie-up Model is one of the most significant growth areas under the science vertical. MT Educare has 18 tie-ups to provide their services, which include 4 tie-ups undertaken in the FY15-16 and company is planning to expand its tie-ups to the total of 30 colleges by the end of FY17E-18E.
MT Educare Ltd. is trading above its 30 day SMA of 2.2
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