In Wednesday’s intraday trade, Aptech shares rose 6% to a new high of Rs 455. The stock has risen 11% in the last two trading days in an otherwise quiet market. The stock has reached a new high after a 15-year hiatus. It surpassed its previous record of Rs 448.5 per share in December 2007.

According to the shareholding pattern data, Rekha Rakesh Jhunjhunwala, wife of ace investor Rakesh Jhunjhunwala and one of Aptech’s promoters, currently had a 23.35 stake in the company. Rare Equity Private Limited also owns 20.395 of the company.

Aptech’s stock price has more than doubled or increased 131% in the last ten months, from Rs 196.05 in June 2022.

Aptech and its subsidiaries primarily provide education training and assessment solution services. It has been a global learning solutions provider in the education and training market for almost three decades.

For the April-June quarter of fiscal 2022 (Q1FY22), Aptech demonstrated a stable and continuous pattern of financial performance improvement and growth.

The company’s quarterly operating revenue and PBT (before extraordinary items) in the October-December (Q3FY23) quarter were the strongest in more than a decade on a like-to-like basis.

Aptech said in its Q3FY23 investor presentation that in the retail industry, its strategic aim remains to address unemployability on a large scale by leveraging its unique job-enablement platform to target increasing employment categories, particularly in novel verticals. With a significant portion of its order book in the enterprise business already delivered, including a part of a major order from an autonomous education body, it is very close to achieving the guidance of Rs 135 crore order book for H2FY23 that it provided during the previous quarter results.

Aptech’s PBT increased 36.7% year on year (YoY) and 31% over the pre-Covid-19 level to Rs 24.03 crore in Q3FY23 while operating revenue increased 48% YoY and 218% over the pre-Covid-19 level to Rs 117.46 crore.

While the company’s growth brands continue accelerating, management is secretly optimistic about a turnaround in other domestic businesses. According to the company, it is on course to provide one of the best years in terms of financial success, and this trend is expected to continue shortly.