After Giving 277% Return In 3-Years, Small Cap Education Stock To Announce Bonus Share Soon

CL Educate Ltd is a small cap company that came into existence in 1996. It operates in Learning & Education sector. The company has a market capitalisation of Rs 394 crore. It announced that a meeting of board of directors is scheduled to be held on November 2, 2022 to consider and recommend a proposal for declaration of bonus shares to the equity shareholders of the company. Check key takeaways below:

1. CL Educate Plans To Announce Bonus Share On November 2

The board of directors in its meeting held on October 21 said, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, November 02, 2022, at the Corporate Office of the Company situated at A-45, First Floor, Mohan Co-operative Industrial Estate, New Delhi - 110044, inter alia:

1. to consider and approve the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and half year ended September 30, 2022, including the Cash Flow Statement (by way of a Note), along with the Statement of Assets and Liabilities as on September 30, 2022; and

2. to consider and recommend a proposal for Declaration of Bonus Shares to the Equity Shareholders of the Company, subject to the approval of the shareholders of the Company, as on the Record Date to be determined by the Board of Directors of the Company.

2. CL Educate Stock Outlook

The current market price of the stock is Rs 139 apiece. The stock's 52-week high is quoted at Rs 189 apiece and 52-week low is quoted at Rs 84 apiece, respectively.

3. CL Educate 5-Years Return

The stock has fallen 20% in the last 5 years, surged 277% in last 3-years, and 38% in last 1-year. It has jumped 12% in last 3-months only.

4. About CL Educate

CL Educate Ltd is one of Asia's leading edu-corporates, with focus on diverse segments of education, and across learners of multiple age-groups. It operates in education sector. The company functions in two segments namely EdTech and MarTech.

Disclaimer

The above stock is planning to announce bonus share at the meeting of shareholders to be held on November 2, 2022. Readers should not construe the story for investment advice into the mentioned stocks.