This company stock opens higher post its quarterly results
Shares of Ahmedabad-based education services provider Shanti Educational Initiatives Ltd (SEIL) started the trading in green today, defying the downward trend of the benchmark indices Sensex and Nifty. Despite the market challenges, the scrip opened at Rs 103.95 on the BSE, a promising start. Although it later dipped to touch the low of Rs 101.05, it was still trading at Rs 102.10, showing resilience with a fall of only 0.87 per cent. The 52-week high of the stock is Rs 207.75 and the 52-week low is Rs 63.15, indicating a potential for growth. The market cap of the company is Rs 1,643.81 crore, a significant figure in the education services sector.
Technically, the stock trades higher than the 20-day, 50-day and 100-day moving averages but lower than the 5-day and 200-day moving averages. Quarterly Results
The BSE-listed company has announced its quarterly results, and the numbers are promising. The company reported net sales of Rs 15.16 crore, a substantial 54.22 per cent year-on-year growth when compared to Rs 9.83 crore in the same quarter a year ago. However, the company's net sales in the January-March quarter of the financial year 2024-25 were even higher at Rs 18.84 crore, indicating a consistent growth trajectory.
The company's performance in the quarter under review is a testament to its resilience and strategic decisions. It reported a net profit of Rs 2.90 crore, a stark contrast to the net loss of Rs 0.47 crore in the fourth quarter of FY25. This represents an impressive increase of 717 per cent QoQ, a clear indication of the company's turnaround and potential for future growth.
In the financial year 2025, net sales increased by 220 per cent to Rs 58.99 crore, and net profit increased by 93 per cent to Rs 7.06 crore, compared to FY24. Share Market Today
The 30-share BSE Sensex declined 242.24 points to 80,381.02 in early trade. The 50-share NSE Nifty dropped 54.85 points to 24,541.30.
From the Sensex firms, Bharti Airtel, Infosys, Bharat Electronics, Eternal, Axis Bank and HDFC Bank were among the laggards.
However, Titan, Bajaj Finance, NTPC and Bajaj Finserv were among the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,997.19 crore on Thursday, according to exchange data. Domestic Institutional Investors (DII), however, bought stocks worth Rs 10,864.04 crore in the previous trade.
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