Stocks

NIIT, Educomp rise on govt’s plan for education boost

Reuters | Updated on January 20, 2018 Published on February 29, 2016

Shares of NIIT and Educomp jumped on government’s plan for education boost.

Education stocks gain over 3 per cent as Finance Minister Arun Jaitley unveiled plans to focus on education, and skill development in 2016/17 budget.

Jaitley has proposed to set up higher education financing agency.

Private education institute NIIT Ltd gained 3.3 pct and education provider Educomp Solutions Ltd gained 3.3 per cent ($1 = 68.7050 Indian rupees).

Published on February 29, 2016
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