{"id":108781,"date":"2023-09-01T16:49:56","date_gmt":"2023-09-01T11:19:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108781"},"modified":"2023-09-01T16:49:58","modified_gmt":"2023-09-01T11:19:58","slug":"stock-jumps-up-to-6-after-board-of-directors-approve-companys-restructuring-plans","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-6-after-board-of-directors-approve-companys-restructuring-plans\/","title":{"rendered":"Stock jumps up to 6% after board of directors approve company&#8217;s restructuring plans"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2649172417\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This education stock jumped nearly 6% after the company took steps towards restructuring the company. This new change will help the company provide better services and mark potential growth in the upcoming future.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2498407337\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NAVNETEDUL\/consolidated\">Navneet Education Limited<\/a><\/strong> closed at Rs. 160.05 and gained nearly 6% to reach its 52- week high of Rs. 163.50. The stock gave a return of 57.74% in the last six months and 99.16% in the last three years.<\/p><p>On 31st August 2023, the company informed the exchange about its recent AGM outcome. The meeting was held on the same day. The board approved the amalgamation of Genext Students Private Limited which is a step- down subsidiary of NEL Ltd along with demerger of the edtech business of Navneet Futuretech Limited into NEL Limited. The scheme is yet to receive requisite approvals from Hon\u2019ble National Company Law Tribunal, Mumbai Bench. The current net worth of Genext on 31st March is Rs. 5.64 crore with a turnover of Rs. 0.08 crore.<\/p><p>These consolidations are done with the aim for developing NEL\u2019s sales channel, streamlining its organisational structure, and ensuring impact of content and digital work to enhance the product quality.<\/p><div class=\"trade-content_5\" id=\"trade-2889371775\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Comparing on a QoQ basis, revenue of Rs. 791.45 crore has been reported for Q1FY24, an increase of 93.4% from Rs. 409.02 crore in Q4FY23. Its net profit for Q1FY24 stands at Rs. 144.16 crore which rose 527.87% from Rs. 22.96 crore in Q4FY23.<\/p><p>Navneet Education Limited, established in 1959, is in the education and publishing sector. The company mainly focuses on children books and stationery products. Its products are sold under the names of Navneet, Youva, Vikas and Gala. Over the years, Navneet has become a popular and affordable brand.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2478854621\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This education stock jumped nearly 6% after the company took steps towards restructuring the company. This new change will help the company provide better services and mark potential growth in the upcoming future. Shares of Navneet Education Limited closed at Rs. 160.05 and gained nearly 6% to reach its 52- week high of Rs. 163.50. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11625,11627,11624,948,936,11626],"class_list":["post-108781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-navneet-education-latest-news","tag-navneet-education-restructuring-plans","tag-navneet-education-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-navneet-education-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps up to 6% after board of directors approve company&#039;s restructuring plans - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This education stock jumped nearly 6% after the company took steps towards restructuring the company. 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