Small Cap Stock Surged Over 12% From Day's Low After Partnering With Cambridge

Shares of Veranda Learning Solutions were subdued on Monday but shot up sharply after the announcement was made in the afternoon.

What Happened? The company has partnered with Cambridge University Press & Assessment India. Veranda has been appointed as an Associate Partner for Cambridge in India, focusing on expanding Cambridge’s educational reach in tier 2 and tier 3 cities.

This collaboration is part of Cambridge’s ambitious plan to extend its presence to 1,000 schools across India. Veranda Learning will play a crucial role in this expansion, using its comprehensive capabilities to assist schools in implementing the Cambridge Pathway. This includes providing expert teachers, training programs, and tools necessary for students’ educational growth, aiming for high academic standards and successful learning outcomes.

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Cambridge’s dedication to fostering educational excellence in India remains steadfast. They are committed to engaging with and supporting all Indian schools, both existing and new. This alliance with Veranda Learning is a step towards integrating more schools into Cambridge’s educational network.

Arun Rajamani, Managing Director of Cambridge University Press & Assessment, South Asia, expressed excitement about the partnership, highlighting the shift towards international education in India and Cambridge’s aim to make quality international education more accessible.

Price Action: Veranda Learning Solutions Ltd. shares were trading 3.1% higher at ₹238.00 at market close on Monday. Earlier, the stock surged up to a high of ₹249.30 after touching lows of around ₹221.

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