Sharemasterindia.com: Shares of companies engaged in education business and vocational
training extended gains for the second day on Thursday after Prime Minister Narendra Modi launched the 'Skill India' mission as part of the
government's effort to increase the employability of the Indian youth.
Shares of Educomp Solutions, which develops educational software rose as much as 4.5 per cent on Thursday. In last two trading sessions shares of Educomp Solutions have surged nearly 30 per cent amid huge volumes. On Wednesday, the stock had witnessed trading volume in 6 million shares against its two week average of around 1 million shares.
Similar trend was visible across all other stocks of companies involved in education business and vocational training. Everon Education surged 10 per cent on top of yesterday's 20 per cent gain. Other education related company's shares like Virtual Global Education, Tree House Education and Zee Learn also gained between 0.5 to 5 per cent today.
Under the mission of 'Skill India', the government has set a target of skilling 40.2 crore people by 2022. Analysts say this move by the government augurs well for the companies involved in education business.
Shares of Educomp Solutions, which develops educational software rose as much as 4.5 per cent on Thursday. In last two trading sessions shares of Educomp Solutions have surged nearly 30 per cent amid huge volumes. On Wednesday, the stock had witnessed trading volume in 6 million shares against its two week average of around 1 million shares.
Similar trend was visible across all other stocks of companies involved in education business and vocational training. Everon Education surged 10 per cent on top of yesterday's 20 per cent gain. Other education related company's shares like Virtual Global Education, Tree House Education and Zee Learn also gained between 0.5 to 5 per cent today.
Under the mission of 'Skill India', the government has set a target of skilling 40.2 crore people by 2022. Analysts say this move by the government augurs well for the companies involved in education business.
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