Recommended By: Angel Broking
Target Price: Rs 169
Why Buy: MT Educare has strong positioning in the Secondary School and Higher Secondary School coaching business in Mumbai location (contributes around 80 per cent to the overall revenue). The company , this year, has introduced a technology, the unique – Learning Management System (LMS) – for strengthening its offering in its core business. MT Educare to report a healthy top-line performance, going forward, on the back of strong growth across the pre-university (PU) college business, Shri Gayatri Educational Society (SGES), and the Lakshya business. Further, the company to report a strong growth in the CA segment in Tamil Nadu and Mumbai. The scrip was trading at Rs 134 points in the morning trade.