Navneet Education has been hitting a new high since 28^th March and today too, it hit a new high at Rs.174.70, with an almost 8 times jump in volumes.

The only fathomable reason for this sudden spike up is the fact that Indian brokerage house, Motilal Oswal has initiated a “buy” call on the stock.

It has put up a target price of Rs.210 and this is on the back of optimism that the company is expected to do very well in the growing CBSE market as the change of syllabus means more new business for the company. The brokerage house says that next two years bode well for the financial performance of the company.