Treehouse Share Price Surges Over 7% Intraday

The TreeHouse is one of the best and India's largest self operated preschool chain in India that offer inclusive education to kids, so that they learn & play at the same time. It is one of the leading providers of educational services in India operating maximum number of self-operated preschools. Their curriculum and trained teachers reflect their standards of excellence.

Technical View:

TreeHouse share price, at 3:03 PM is trading at Rs. 29.40, up by 1.95 points or 7.10 per cent from its earlier closing of Rs. 27.45 on the NSE as compared to 0.34 per cent rise in the Benchmark Index Nifty.

The scrip has touched the intraday high and low of Rs. 29.95 and Rs. 27.50 respectively, after opening at 28.20. By far approximately three lakh shares have changed hands over the NSE counter; and the stock is currently trading above its 200 DMA.

Q2 result:

Recently, TreeHouse posted its results the September Quarter. Tree House Education & Accessories’ Q2FY17 standalone revenue for the second quarter of financial year 17 has dropped 68.6 per cent year on year to Rs 18 crore. EBITDA loss for the September period stands at Rs 11.1 crore as compared to the EBITDA of Rs 30.2 crore during the same period in the previous financial year.

TreeHouse has posted a net loss for the quarter of Rs 47.6 crore as against a net profit of Rs 12.7 crore during the corresponding period of the previous financial year. The loss failed to impact TreeHouse share price a lot negatively.

The management declared that the restructuring of the organization has started yielding good results with EBITDA loss depleting on the quarterly basis. The company has lessened debt by Rs 4 crore through internal accruals in this quarter. They plan to concentrate on new centers in high potential areas and on exploring franchise opportunities in pre-school space.

TreeHouse is the top 500 recommended stock by Dynamic levels for the quarter. For the details on the stock, visit TreeHouse share price history page of Dynamic Levels website.