Nirmala Sitharaman announced during the fiscal year that national institutions will now provide loans of up to 10 lakh rupees for students seeking higher education.
After this announcement made by the Finance Minister, the share of IEC Education Ltd related to education jumped and reached its highest level.
Share of IEC Education Ltd saw a stormy rise and hit an upper circuit. When Finance Minister Nirmala Sitharaman was presenting the country’s general budget (Budget 2024), the share of the company was running at rocket speed.
On Thursday, the share of IEC Education Ltd hit an upper circuit of 10 percent and reached 4 rupees (Rs 3.52), which is its all-time high.
In the last five days, the share of IEC Education Ltd has increased by 52 percent and it has given strong returns to the investors.
In the last month, the stock of IEC Education Ltd has climbed 100 percent. A month ago, the share of this company was just Rs 1.77.
Reason For The Rise In Share
As soon as Nirmala Sitharaman started delivering the budget speech in the House, the stock market started diving, but while the market was trading in red, the share of IEC Education Ltd was looking bright.
The announcement was huge in the budget that triggered this surge. Nirmala Sitharaman stated during the fiscal year that Indian institutions will now provide loans of up to Rs 10 lakh for students seeking further education.
After this announcement made by the Finance Minister, the share of IEC Education Ltd related to education jumped and reached its highest level.
Focus On Education And Skill Development
In presenting the budget Finance Minister Nirmala Sitharaman said, ‘I am announcing financial aid for loans that are up to 10 lakh to help students attend higher education in the domestic universities’.
For this purpose, 1 lakh students per year will be directly given E-vouchers for a 3 percent annual interest discount on the loan amount.
She also stated that our government is committed to the complete and sustainable development of all populations, including women, youth, and farmers people who are poor.
To ensure social justice holistically an integrated strategy will be taken to encompass all people who are eligible through various programs such as health and education programs that help them improve their capacities.
IEC Education Stock Performance
| Current Price | ₹ 3.87 |
| 52-wk High | ₹ 3.87 |
| 52-wk Low | ₹ 1.69 |
| 5 Days Return | 73.54% |
| 1 Month Return | 118.64% |
Key Fundamentals Parameters
| Market Cap | ₹ 5.90 Cr. |
| Stock P/E | — |
| Book Value | ₹ 19.8 |
| Dividend | 0.00 % |
| ROCE | -1.94 % |
| ROE | -2.06 % |
| Face Value | ₹ 10.0 |
| P/B Value | 0.20 |
| OPM | — |
| EPS | ₹ -0.41 |
| Debt | ₹ 1.68 Cr. |
| Debt to Equity | 0.06 |
IEC Education Shareholding Pattern
| Promoters Holding | |
| June 2023 | 66.49% |
| Sept 2023 | 66.49% |
| Dec 2023 | 66.49% |
| Mar 2024 | 66.49% |
| Jun 2024 | 66.49% |
| Public Holding | |
| Jun 2023 | 33.52% |
| Sep 2023 | 33.52% |
| Dec 2023 | 33.52% |
| Mar 2024 | 33.53% |
| Jun 2024 | 33.52% |
IEC Education Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 0.00 Cr |
| 2021 | ₹ 0.00 Cr |
| 2022 | ₹ 0.00 Cr |
| 2023 | ₹ 0.00 Cr |
| 2024 | ₹ 0.00 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ -0.56 Cr |
| 2021 | ₹ -0.23 Cr |
| 2022 | ₹ -0.23 Cr |
| 2023 | ₹ -0.23 Cr |
| 2024 | ₹ -0.64 Cr |
Conclusion
This article provides a detail guide about IEC Education Ltd share.
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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