India'seducation company, CORE Education
& Technologieslost Rs 21.08 billion in market capitalisation to
Rs 12.69 billion due to 62.4% drop in share prices on Monday.
Responding to the steep fall in the price of its stock today,
Nikhil Morsawala, director finance, CORE Education &
Technologies said, "None of the shares it has pledged with
institutions has been sold and it has confirmed with all the
institutions that they continue to hold the same.''''The company's
has strong order book of Rs 13.98 billion of which Rs 9.10 billion
is from India spanning across next 5 years and business model will
continue to be intact with we shall update our investors and
shareholders once we have clear indication for the fall in price
today,'' he added. 
Shares ofthe companyare trading at Rs
110.95, down Rs 184.3, or 62.42% at the Bombay Stock Exchange (BSE)
on Monday. In the earlier session, the shares declined 0.19%, or Rs
0.55, at Rs 295.25. Total volume of shares traded on the bourses
today wassharply higher at 27.97million compared with 22-day
average volume of 64,584. Currently, the stock is trading at all
time 52-week low, which is below 67.84% over the 52-week high of Rs
345. The scrip has touched an intra-day high of Rs 296and low of Rs
99.
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