Navneet Education has received reaffirmation in credit ratings from CARE as under -

Long Term / Short Term Bank Facilities (Rs 450 crore) - CARE AA+; Negative/ CARE A1+ (Reaffirmed; Outlook revised from Stable)

Short term Bank Facilities (Rs 2 crore) - CARE A1+ (Reaffirmed)

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Grindwell Norton Ltd, Schneider Electric Infrastructure Ltd, Gujarat Mineral Development Corporation Ltd, IIFL Finance Ltd are among the other stocks to see a surge in volumes on NSE today, 17 November 2020.

Navneet Education Ltd registered volume of 9.73 lakh shares by 14:14 IST on NSE, a 23.87 fold spurt over two-week average daily volume of 40779 shares. The stock rose 4.00% to Rs.84.60. Volumes stood at 10220 shares in the last session.

Grindwell Norton Ltd recorded volume of 1.64 lakh shares by 14:14 IST on NSE, a 7.82 times surge over two-week average daily volume of 21011 shares. The stock gained 1.33% to Rs.557.00. Volumes stood at 4926 shares in the last session.

Schneider Electric Infrastructure Ltd notched up volume of 7.86 lakh shares by 14:14 IST on NSE, a 7.25 fold spurt over two-week average daily volume of 1.08 lakh shares. The stock rose 11.81% to Rs.84.75. Volumes stood at 52786 shares in the last session.

Gujarat Mineral Development Corporation Ltd saw volume of 35.62 lakh shares by 14:14 IST on NSE, a 6.46 fold spurt over two-week average daily volume of 5.51 lakh shares. The stock increased 5.80% to Rs.45.60. Volumes stood at 2.53 lakh shares in the last session.

IIFL Finance Ltd registered volume of 42.36 lakh shares by 14:14 IST on NSE, a 6.45 fold spurt over two-week average daily volume of 6.57 lakh shares. The stock rose 19.99% to Rs.112.55. Volumes stood at 2.8 lakh shares in the last session.

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JK Lakshmi Cement Ltd, Allcargo Logistics Ltd, Gujarat Mineral Development Corporation Ltd, Vodafone Idea Ltd are among the other stocks to see a surge in volumes on BSE today, 17 November 2020.

Navneet Education Ltd witnessed volume of 32250 shares by 10:48 IST on BSE, a 6.57 times surge over two-week average daily volume of 4907 shares. The stock increased 4.42% to Rs.85.10. Volumes stood at 3257 shares in the last session.

JK Lakshmi Cement Ltd registered volume of 2.31 lakh shares by 10:48 IST on BSE, a 5.89 fold spurt over two-week average daily volume of 39115 shares. The stock rose 2.64% to Rs.348.50. Volumes stood at 19351 shares in the last session.

Allcargo Logistics Ltd witnessed volume of 44064 shares by 10:48 IST on BSE, a 4.7 times surge over two-week average daily volume of 9371 shares. The stock increased 0.63% to Rs.128.00. Volumes stood at 31356 shares in the last session.

Gujarat Mineral Development Corporation Ltd registered volume of 1.69 lakh shares by 10:48 IST on BSE, a 3.56 fold spurt over two-week average daily volume of 47376 shares. The stock rose 5.10% to Rs.45.30. Volumes stood at 17527 shares in the last session.

Vodafone Idea Ltd saw volume of 921.34 lakh shares by 10:48 IST on BSE, a 2.76 fold spurt over two-week average daily volume of 334.28 lakh shares. The stock increased 4.39% to Rs.9.51. Volumes stood at 598.49 lakh shares in the last session.

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Net profit of Navneet Education declined 10.45% to Rs 20.39 crore in the quarter ended September 2020 as against Rs 22.77 crore during the previous quarter ended September 2019. Sales declined 35.36% to Rs 163.73 crore in the quarter ended September 2020 as against Rs 253.29 crore during the previous quarter ended September 2019.

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