Core Education slumps as much as 47 per cent

Shares in Core Education & Technologies Ltd slump as much as 47.3 percent to their lowest intraday level since April 2, 2009, on unconfirmed fears that shares held by high-net worth individuals are being heavily sold because of margin funding issues, dealers say.

A Core Education spokesman said the company had no immediate comment on the share falls when reached by Reuters.

"Many had taken this stock as collateral to raise money. Now that the value of the stock is decreasing they have to top up margins, or the stock would be sold off," said an analyst at a domestic brokerage house.

Core Education shares were down 37.5 percent as of 0524 GMT, bringing their losses so far this week to 76 percent and wiping out 25.58 billion rupees from its market value.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture