Aptech hits upper circuit as it packs up to go back to school

Aptech Ltd., has emerged as the stock of September 8. Stock of the company which previously closed at 159.15 on September 8, opened at Rs 167 and instantly struck its upper circuit at Rs 175.05, surging by almost 9.99 per cent. The company is chaired by big bull Rakesh Jhunjhunwala,  and has  seen a nasty surge as it is all gearing up to enter into preschool education.

Company on September 7 post market hours, informed the bourses that it has forayed into preschool education, through a strategic alliance with Montana International Preschool. The two companies' alliance intends to set up 1000 preschools in India over the next two years. Montana International Preschool powered by Aptech, (MIPA) aims to stimulate young children’s curiosity and provide positive learning experience through active learning. MIPA will offer first of its kind App which will enable child safety monitoring, live view of child’s activity in class, on demand child video conferencing, along with a host of other features.

Shares of the company in the last 1 year have seen a significant rally, surging almost 3 times. In the last 3 months, scrips have given a return of 68 per cent. Fifty-two-week High/Low of the stocks stands at Rs 175.05/51.60.