Bharatstudent.com currently up for sale as part of ongoing restructuring plans

Bharatstudent.com currently up for sale as part of ongoing restructuring plans; short listed 3 potential buyers in Q2; stock gains

Northgate Technologies has gone up 19% in past 7 sessions and 10% in past 1 month. Bharatstudent.com is currently up for sale. The company has short listed 3 potential buyers in Q2. The sale is part of ongoing restructuring plan.

The company has closed sales/marketing offices in HK, US, China, Singapore & India. The company is doing restructuring due to delay in fund raising and loss of key customer partnerships. The growth of the company depends on outcome of financial restructuring.

Northgate Technologies touched an intra day high of Rs 32.25 and an intra day low of Rs 31.95 and at 15:01 PM, the share was quoting at Rs 32.25, up Rs 1.50, or 4.88%. There were pending buy orders of 93,293 shares, with no sellers available. It was trading with volumes of 97,754 shares, compared to its 5-day average of 168,558 shares, an decrease of -42.01%. On Friday, the share closed up 4.59% or Rs 1.35 at Rs 30.75.