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Industry Monitor

Higher Education

Vol. 1106

June 2011

CONTENTS
INDUSTRY AT A GLANCE ....................................................................................................2 KEY DEVELOPMENTS ..........................................................................................................3 Marketing................................................................................................................................3 Operations ..............................................................................................................................3 Investments ............................................................................................................................4 Others.....................................................................................................................................6 INDUSTRY STATISTICS .........................................................................................................7 PRODUCT FOCUS ...................................................................................................................8
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Journalism...............................................................................................................................8 Introduction........................................................................................................................8 Global Scenario...................................................................................................................8 Indian Scenario ...................................................................................................................9 Outlook ..............................................................................................................................9

COMPANY SCAN...................................................................................................................10 Everonn Education Ltd. .......................................................................................................10 Introduction......................................................................................................................10 Products............................................................................................................................10 Stock Performance............................................................................................................12 Outlook ............................................................................................................................12 STOCK SCAN .........................................................................................................................13 UPCOMING EVENTS ...........................................................................................................14

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Industry Monitor Higher Education

June 2011

INDUSTRY AT A GLANCE
MARKETING Texas Public Policy Foundation hosts higher education debate, USA Education primers get in sync with digital age, India OPERATIONS Commission for Higher Education sets target tuition fees increase rates, Indiana University admits PhD students 'with poor English', UK Higher Education is taking shape in Africa, Africa UGC to ensure quality education, Dhaka Engineering studies to cost more in Karnataka, India High Education department sends notice to 4 B.Ed colleges, India INVESTMENTS Lottery to fund 10,000-plus scholarships in Arkansans, USA Debate over future of Texas public higher education keeps raging, USA PwC Charitable Foundation Donates US$0.7m to Support Higher Education, USA US$6.5 billion Oklahoma budget deal calls for deeper cuts to education, USA Open University calls for financial support for part-time students, Scotland Loan scheme for higher education taking shape, Uganda
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OTHERS

Strengthen quality movement in higher education, India Five-year freeze on new medical courses effective immediately, Kuala Lumpur

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Industry Monitor Higher Education

June 2011

KEY DEVELOPMENTS
Marketing
Americas: USA: Texas Public Policy Foundation hosts higher education debate The Texas Public Policy Foundation hosted a panel on higher education, which featured guest- University of Texas President William Powers, Jr. TPPF. The panel started with a discussion from two conservative think tanks about higher education. The panel moderator, William Murchison (a contributing editor for LSR), noted that tuition was US$50 per semester when he was at UT in 1959, and asked what could be done about the cost of higher education. Matthew Denhart, Administrative director of the Center for College Affordability and Productivity, gave 10 reasons why college costs so much. Neil McCluskey, associate director of the CATO Institute's Center for Educational Freedom, said the biggest problem in higher education is federal subsidies. He noted that money does not equal better outcomes and that federal subsidies have shot up. Asia Pacific: India: Education primers get in sync with digital age Education books are adapting to online aids with digitisation making inroads, said Showick Thorpe, author of the CSAT (Civil Services Aptitude Test) Manual 2011. There was a time when education books were with humungous load of information without precision in information or rigorous analyses to help students develop aptitude and reasoning. Now with attention span getting shorter by the minute in fast changing world, the format of content in textbooks also changed say industry analysts. Education books are adapting to online aids with digitisation making inroads, said Showick Thorpe, author of the CSAT (Civil Services Aptitude Test) Manual 2011. Thorpe, who owns the quality knowledge content brand Thorpes and V&S Thorpes Education, added: The erstwhile manuals were mere compilations of questions that could be asked in examinations. Students now look for more information and want to read more with different views by different teachers.
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Operations
Americas India: Commission for Higher Education sets target tuition fees increase rates Tuition fees should not increase more than 3.5%, according to the Commission for Higher Education. For IU-Bloomington, the target is a 3.5% increase; for IUPUI and IUs other campuses, the target rate is 2.5%. What happened was that the Commission for Higher Education adopted recommendations and said that each school should not raise tuition more than these suggested percentages, stated Larry MacIntyre, Associate Vice President of University Communications. Some have rapidly growing enrollments, some dont. Most regional campuses will not lose anywhere near as much money in the state budget as the Bloomington campus. Some regional campuses will see increases. All of those factors go into the decision. Europe UK: University admits PhD students 'with poor English' Derby University has admitted taking on PhD students with poor standards of English fuelling high drop-out rates. It stated that just 40% of PhDs were currently completed on time. The failure rate may be linked to the fact that not all doctoral students have the required skills of communication needed to undertake independent research, it indicated. The admission came after the Governments Higher Education Funding Council for England raised concerns about high PhD drop-out rates at 10 universities. Other institutions facing criticism included Brighton, Liverpool John Moores, De Montfort in Leicester and City University, London

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Industry Monitor Higher Education

June 2011

Middle East: Africa: Higher Education is taking shape in Africa After nearly 30 years of neglect the higher education in African region seems to be getting attention. World Conference on Higher Education organised by Unesco in Paris, gave special attention to The challenges and opportunities for the revitalisation of higher education in Africa. The conference recognised higher education as An important tool for the development of the continent, and that Universities would be more effective in this task through collaborations at the national and international levels. The conference also observed higher education as An instrument for regional integration. Asia Pacific: Dhaka: UGC to ensure quality education University Grants Commission (UGC) will not compromise on quality education at Universities while providing its all-out support for expansion of country's higher education, announced its newly appointed Chairman Prof Dr AK Azad Chowdhury. The commission would take a firm position on quality education otherwise, would produce substandard graduates not capable of providing the right direction to society and contribute in economic activities," he stated. He opined that higher education in Bangladesh is not in a position to be proud of though number of universities has increased. Prof Azad stated UGC, with everyone's cooperation, would ensure quality education, good knowledge and remove discrimination of knowledge so that the country can turn into a middle-income one in its 50th year of independence. India: Engineering studies to cost more in Karnataka Engineering students getting admission to private colleges under the government quota will have to shell out Rs2,500 more per year as fee, taking the annual fee from Rs30,000 to Rs32,500, Higher Education Minister V.S. Acharya stated. He also stated that government quota seats in private engineering colleges have been brought down from 50% to 45%. The private colleges, under the banner of 'Consortium of Medical, Engineering and Dental Colleges of Karnataka (COMEDK)', have been demanding that the government fix between Rs50,000 and Rs60,000 as annual fee for its quota of seats in their colleges. Acharya has been holding talks with COMEDK representatives to resolve the issue and hoped that the ISIEmergingMarketsPDF reduced government quota would be accepted by all private engineering colleges in the new fee and the in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. state. India: High Education department sends notice to 4 B.Ed colleges Four self-finance colleges offering B.Ed in the city have been given notice by the state higher education department for not turning up in the meeting that was called by the higher education secretary, Avnish Awasthi. The four colleges are Bhal Chand Institute of Education and Management, Career College of Management and Education, Shri Mahesh Prasad Degree College, and Dr MC Saxena College of Education. Principals of 28 self-finance BEd colleges were supposed to meet the higher education officials to discuss on the fee hike issue which trouble the students every year. "The principals who remained absent have been given notice. They have been asked to furnish all details regarding the college within to the Lucknow University registrar. If they fail to comply, these colleges will not be allowed to participate in the counselling,'' stated regional higher education officer, SA Ali.

Investments
Americas: USA: Lottery to fund 10,000-plus scholarships in Arkansans About 10,500 college-bound high school seniors learnt that they've been awarded scholarships funded by the Arkansas lottery. Higher Education Department Interim Director Shane Broadway told the panels that everyone at the agency will spend at least part of their time processing applications. Already, 30,000 students have applied for the scholarships, and Interim Deputy Director Harold Criswell said another 60,000 to 70,000 are expected. Last year, the agency processed 91,000 applications and awarded about 31,000 scholarships. Last year, the agency awarded US$123m in lottery scholarships, which are officially called Academic Challenge Scholarships. This year about US$100m is expected to be available for awards.

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Industry Monitor Higher Education

June 2011

USA: Debate over future of Texas public higher education keeps raging The University of Texas at Austin should boost enrolment by 10% a year and cut tuition at UT System campuses in half, suggests Gene Powell, the chairman of the system's nine member board of regents. The Statesman obtained a draft memo written by Gene Powell. The memo outlines several goals like to boost enrolment by 10% a year and reduce the tuition fees by 50% and others. State Senator Judith Zaffirini who heads the Senate higher education committee said that the goals are mutually exclusive and contradicting. Powell has argued for greater efficiency in higher education, along with Gov. Rick Perry and Jeff Sandefer, a Perry donor and Austin entrepreneur who has proposed seven "breakthrough solutions" for higher education, such as placing more emphasis on undergraduate teaching. USA: PwC Charitable Foundation Donates US$0.7m to Support Higher Education The PricewaterhouseCoopers Charitable Foundation has announced US$0.7m in new funding to support higher education in the United States. The PricewaterhouseCoopers Charitable Foundation, Inc. makes charitable contributions to the people of PwC in times of financial hardship, and to nonprofit organizations that support and promote humanitarianism and education causes. The grants are being awarded through the PwC INQuires program to help domestic colleges and universities incorporate important updates and issues facing the accounting profession into their curricula. Grants will also help fund diversity initiatives, aimed at increasing the number of diverse students entering the profession, as well as applied research projects conducted by faculty. USA: US$6.5 billion Oklahoma budget deal calls for deeper cuts to education Public schools and higher education will face their biggest cuts in years in a state budget agreement announced by legislative leaders and Governor Mary Fallin. Budget cuts for agencies may range from less than 1 to 9%. The Republican leadership, who controls the Legislature and the governors office wrestles with a US$500m shortfall for the 2012 fiscal year. House Appropriations and Budget Committee Chairman Earl Sears said leaders arent upset with public education. It wasnt that they fell out of favor, said Sears, R-Bartlesville. Its just at this particular time that their cuts were not as small as they have been in the previous years. Unlike last years budget framers, legislative leaders and Fallin had no state ISIEmergingMarketsPDF in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. billion savings or federal stimulus funds to shore up the budget. State officials last year used about US$1.2 of one-time funds to balance the current fiscal year budget. Europe: Scotland: Open University calls for financial support for part-time students A poll has revealed that one in four Scots see tuition fees as a barrier to higher education. Of the 1002 people surveyed by market research company MORI, 24% stated that the cost of studying part-time education would be prohibitive for them. The proportion was highest among the unemployed, with over 52% saying they would like to study and almost three quarters - 73% - saying that associated fees prevented them from doing so. The Open University is calling on the new Scottish Government to continue to explore ways of extending financial support to ensure that cost is not a barrier to anyone considering higher education. James Miller, director of the Open University in Scotland, said that the arguments for making part-time education free were both about fairness and about the future of Scotlands economy. Middle East: Uganda: Loan scheme for higher education taking shape Poor but bright students will have to wait longer to access loans to pursue higher education after government announced that it will take it nearly two years to introduce the education loan scheme. Though two years might seem a long wait, it will come as a major relief when it finally happens for parents and students who have waited for decades. It appeared that government had constituted a team of experts to ensure that all the necessary legal, financial and institutional frameworks are put in place. MrIssa Matovu, an educationalist, said the scheme is long overdue and urged government to speed up the process. For a long time, higher education has been a preserve of the rich and pray that this scheme comes and the poor who normally miss chances of joining university also benefit, he stated.

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Industry Monitor Higher Education

June 2011

Others
Asia Pacific: India: Strengthen quality movement in higher education Former UGC Chairman Arun Nigvekar has voiced the significance of assessment and accreditation for academic institutions in the wake of a need for standards to meet global competition. "Quality movement is a continuous process, which needs to be adopted by institutions with a constructive approach," Nigvekar announced at the inaugural function on National assessment and accreditation council (Naac) process. The session focused on matters such as establishment of internal quality assurance cells at colleges for the Naacs rating process; preparation for visits by the Naac team for onsite inspections and the roles of Naac coordinator and principals in the overall process. Kuala Lumpur: Five-year freeze on new medical courses effective immediately A five-year freeze on new medical courses, to prevent a glut of trainee doctors in the country from worsening, has been approved by the Cabinet and is effective immediately. Higher Education Minister Datuk Seri Mohamed Khaled Nordin stated the moratorium would not affect the number of medical staff required by the country, and that the focus on quality would be ensured. Mohamed Khaled added that the current doctor-patient ratio was 1:1000. The ministry will focus on monitoring the quality of the medical courses currently offered, and for institutions that do not meet the criteria and skills accreditation, their current recognition may be recalled until they improve.

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Industry Monitor Higher Education

June 2011

INDUSTRY STATISTICS
Total intake of all IISERs students during 2009-10 Name of the Institute General OBC SC ST PD Total IISER, Kolkata 62 34 18 13 3 130 IISER, Pune 67 37 25 11 3 143 IISER, Mohali 65 38 24 11 3 141 IISER, Bhopal 30 17 12 5 3 67 IISER, Thiruvananthapuram 35 21 15 6 1 78
Source: education.nic.in, Cygnus Research

Total intake of all IISERs students during 2009-10


60 IISER, Kolkata IISER, Mohali IISER, Thiruvananthapuram IISER, Pune IISER, Bhopal

30

0 General OBC SC ST PD
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Industry Monitor Higher Education

June 2011

PRODUCT FOCUS
Journalism
Introduction
Journalism is concerned with collection and dissemination of news through the print media as well as the electronic media. This involves various areas of works like reporting, writing, editing, photographing, broadcasting news items. Journalism in India has a very vital role to play. India is the world's biggest democracy and free and vibrant press is an essential organ of any democracy. Career in Journalism can be broadly divided into three categories: I. Print Journalism This is the traditional form of journalism and includes persons working in newspapers and magazine. The print journalism work can be broadly divided into two streams: the field and the desk. In field work, each field worker is allotted a special assignment in large newspapers and magazines. There are journalists assigned to cover political issues, corporate affairs, sports, fashion and others. In desk work with in the offices of newspapers and magazines sub-editors or copyeditors process these stories for presentation with headlines. It is their responsibility to see that the story is objective and has no personal bias. Colleges offering Journalism in India II. Electronic Journalism Electronic communication technology has Mudra Institute of Communications revolutionized the mass communication Asian College of Journalism system. Now a days a large number of news Indian Instuitute of Journalism& new Media channels have proliferated and there are Symbiosis institute of Mass communication significant job opportunities in the field of Indian Institute of Mass Communication electronic journalism. In electronics Xavier Institute of Communication ISIEmergingMarketsPDF in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. journalism jobs can be divided into reporting, AJ Kidwai Mass Communication Research anchoring, and production. Manorama School of Comm. Research Film& Television Institute of India III. Web Journalism Times School of journalism The advent of internet has given birth to a new breed of journalism known as web Source: Market Sources; Cygnus Research journalism and has become a competitor for print journalism. Web journalists create content for internet. Some of the personal characteristics that journalists need to have is road based education, good general knowledge, keen interest in current affairs, and a style of writing that is accurate, readable, and informed.

Global Scenario
The world around has become a den of fast growing changes and evolutions. The field of journalism, which aptly reflects the transforming social scenario across the world, has also redefined itself from mere reporting of news to reporting with analysis and reflection. Formerly concerned only with informing people about the prevailing situations, profession of journalism has now elevated to becoming a global platform for creating news, rather than depicting just the plain truth. The industry has undergone a significant revolution with the advent of several new ways of communication coming up. Journalism now comprises of many forms of spreading news. Newspapers, media, online news bulletins and web pages have effectively turned the face of journalism into a renewed domain. The onus lies on news agencies to stand up to the transforming social scenario by reflecting it correctly and suitably. Journalism is exploring new trends to spread news to the readers/viewers. The multimedia options available today, such as online social networking, videos, mobile alerts, search engines, offer a wide range of choices for todays readers to choose from. Journalists today are putting best efforts to cater to the vibrancy of the present day generation as well as the simplicity of the older generations who look for the factual information alone.

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Industry Monitor Higher Education

June 2011

Career in journalism The desire to make a career in journalism should go hand in hand with a strong passion for the work, ability to put in long hours, meeting editors' demands and racing against deadlines all for fairly low pay for a fresh graduate in the field. Accuracy and speed are the most sought upon traits in a journalist. Expectations The beginning salary for a new journalism graduate is US$30,000. With 10 to 19 years of experience a journalist can potentially reach a salary of US$63,000.

Indian Scenario
The advent of 24X7 news mediums and channels gave journalism a commercial bent which became more profound in recent years. Journalism has become a glamorous profession especially in a country which is driven by one of the largest democracies in the world with rich and diverse culture. There is thus a growing demand for competitive and innovative workforce that can cater to the contemporary demands of Indian journalism. Ranging from live reporting to interviewing, analyzing the factual representations to the digitalization of the analyzed news reports, journalism has now transposed into becoming one of the most demanding fields. Employment vacancies in journalism in India are therefore increasing and turning into a demanding arena.

Outlook
A career in the field of journalism is a reputable occupation, which also promises a high wage and profitable returns. The job has however become more demanding and challenging as the field not only requires mere collection of news. Journalism in current global scenario faces challenges of dropping ad revenues in response to the economic slowdown. Therefore landing a position with a news organization can be a challenge, as growth in this career is moderating according to recent surveys. This has resulted in moderation of hiring in Americas. Within the journalism as a whole, with the advent of web, print journalism is seeing a decline while the popularity of web journalism and revenue through same is increasing. In India with ever growing demand for apolitical and unbiased news the journalism has many ISIEmergingMarketsPDF in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. opportunities to offer for graduates in this field.

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Industry Monitor Higher Education

June 2011

COMPANY SCAN
Everonn Education Ltd.
Introduction
Everonn combines state of the art IT with education and provides IT technology enabled interactive classrooms and learning tools for schools and classrooms. The company delivers this through blend of formats- Server based content supported by live sessions through VSAT. This enables classrooms to display the digital curriculum through a click of a button on interactive boards. The company also trains the faculty in house to enrich the live sessions further. It helps government schools by setting computer labs, designing and preparing curriculum on behalf of government and providing trained faculties.

Products
Institutional Computing technology: This division acts as an education service provider for computer education, computer aided training and teacher training projects. It supply and maintain necessary hardware and software and train teachers to provide IT education. Kenbridge Schools: KenBridge Schools will offer quality, technology enabled education to students at the district level. These schools will have necessary IT enabled infrastructure, classrooms and teachers.

Major Products
Institutional Computing tech. Kenbridge Schools EVeronn Learning Academy Everonn Kompass Everonn Web Products GITT
Source: Company site; Cygnus Research

Everonn Learning Academy (ELA): ELA provides necessary coaching for students who aspires careers in IT, ITES, Management and BFSI using its VSAT online interactive training.
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Everonn Kompass: EK offers certification programmes from Red Hat, Oracle, Microsoft and a range of programmes to give students career opportunities in IT ITeS, BFSI. Everonn Web products: EWP offers a range of products which cater to learning and collaborative needs of education and industry. www.classontheweb.com contains exhaustive curriculum based eLearning portals. Global Institute of Teachers Training: GITT provides world class training for teachers and principals and other educational professionals. This targets all teachers from pre-school to college. Companys Performance at a Glance 2010-11 2009-10 2008-09 3,016.29 2,934.97 1,446.87 1,582.01 967.54 572.05 40.55 45.56 43.91 24.19 20.50 18.83 358.88 237.84 153.24 192.78 103.69 51.84 729.65 434.03 238.42 2007-08 916.42 347.89 36.44 14.86 97.28 33.20 137.86

Net Sales PBIDT OPM (%) NPM (%) Depreciation Interest PAT

Source: BSE India; Cygnus Research

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Industry Monitor Higher Education


Item Debt-Equity Ratio Long Term Debt-Equity Ratio Current Ratio OPM (%) NPM (%) ROCE (%) RONW (%)
Source: Company; Cygnus Research

June 2011
KEY RATIOS 2010-11 2009-10 0.32 0.32 4.29 38.84 45.56 24.19 20.50 21.57 16.97 2008-09 0.23 0.13 3.48 43.91 18.83 18.31 11.47 2007-08 0.48 0.35 3.80 36.44 14.86 19.43 14.51

Sales Other Income PBIDT Interest PBDT Depreciation PBT TAX PAT

Performance Analysis Everonn Education Quarterly Performance Financial Year Performance OND 11 OND 10 Var (%) 2010-11 2009-10 Var (%) 1152.74 799.17 44.24 3016.29 2934.97 2.77 0.02 1.06 (98.11) 51.61 7.69 571.13 479.00 301.48 58.88 1582.01 968.01 63.43 39.77 22.42 77.39 192.78 103.69 85.92 439.23 279.06 57.40 1389.23 864.32 60.73 110.07 67.99 61.89 358.88 252.48 42.14 289.41 189.72 52.55 1030.34 626.47 64.47 99.94 68.26 46.41 300.69 192.44 56.25 189.47 121.46 55.99 729.65 340.77 114.12

Source: BSE India; Cygnus Research

During the year 2009-10 the company Revenue Performance (2007-2011) registered a revenue growth of 2.77% to ISIEmergingMarketsPDF from Rs2.934 billion last Rs3.016 billion in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. 3.0 year. The operating profit showed a good increase to Rs1.53 billion from Rs1 billion last year. The net profit has also been 2.2 showing a good increase. The net profit for the year 2010-11 was up from previous year by 68% to touch Rs729m from 1.4 Rs434m. The depreciation costs have increased to Rs358m from Rs237m and interest costs have substantially increased 0.6 to Rs192m, almost double that of previous 2007-08 2008-09 2009-10 2010-11 year (Rs103m). Everonn education ltd has depreciation at 11.9% of sales compared to others like educomp and NIIT. The employee cost of Everonn is lower than NIIT at 14.04% while NIIT is the highest at 46%. The companys other expenses were substantially higher than NIIT and Educomp solutions at 35%. The Interest costs are higher than NIIT and Educomp at 6.4%. NIIT has the least interest cost among the chosen peers. The profit before tax is lower than educomp but higher than
Revenue in Bn
Source: BSE India; Cygnus Research

Cost Structure as Percentage of Net Sales 2010-11 2009-10 2008-09 2007-08 Stock in Trade 0.00 0.00 0.00 0.00 Other Expenses 35.22 28.35 29.48 50.31 Employee Cost 14.04 10.72 17.57 12.97 Purchases 0.00 0.00 0.00 0.00 Depreciation 11.90 8.60 10.96 10.76 Interest 6.39 3.53 3.58 3.62 Tax 9.97 6.56 8.89 8.68
Source: BSE India; Cygnus Research

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Industry Monitor Higher Education


NIIT. Tax costs are highest for this company at 9.9% compared to Educomp which has only 4.6%. PAT is an average among the peers at 24.2%. In PBT as well as PAT the company is average among the peers.

June 2011
Common Size Comparison for 2010-11 (% of sales) Everonn NIIT Educomp Other Income 1.71 3.16 4.05 Stock in Trade 0.00 0.00 0.69 Other Expenses 35.22 18.92 10.21 Employee Costs 14.04 45.94 13.78 Depreciation 11.90 3.19 4.03 Interest 6.39 0.03 5.30 PBT 34.16 18.39 42.75 Tax 9.97 1.49 4.65 PAT 24.19 16.90 38.10

Stock Performance

During the period of May 2010- Apr 2011 BSE sensex has returned 13% to 19135.96. The stock Everonn has almost doubled during the period have a share price of Source: BSE India; Cygnus Research Rs642.65. This reflects the extreme bullishness perceived by the investors in education sector. It has consistently out performed the sensex. After September however it consolidated the gains from the heights of 700 per share to end up at Rs575 per share at the time of March. The stock has currently started another leg of upmove in April.
Relative Market Cap
200 Shareholding Pattern As on Mar'11

160

BSE Sensex Everonn Edu DII 5.4%

Others 23.4%

120

Promoter s 42.7%

FII 28.6% 80 ISIEmergingMarketsPDF in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. Jun'10 Jan'11 May'10 Sept'10 Dec'10 Aug'10 Mar'11 Feb'11 Nov'10 Apr'11 Jul'10 Oct'10

Source: BSE India, Cygnus Research

Outlook
Everonn combines state of the art IT with education and provides IT enabled interactive classrooms and learning tools for schools and classrooms. It provides end to end solutions to a class room needs with IT infrastructure. The company also caters to government institutions by setting up computer labs on BOOT basis. With most of the villages and towns underliterate the scope for education sector in India is huge. As such the company is well poised for the expected boom in education sector where these strategies are well rewarded by investors.

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STOCK SCAN
Relative Market Cap performance
105

95

BSE Sensex APTEC H Ltd EDUC OMP SOLU

85 18/04/11 19/04/11 20/04/11 21/04/11 25/04/11 26/04/11 27/04/11 28/04/11 29/04/11 02/05/11 03/05/11 04/05/11 05/05/11 06/05/11 09/05/11 10/05/11 11/05/11 12/05/11 12/05/11 13/05/11

Relative Market Cap performance


105

95 BSE Sensex 85 EVERONN SYS NIIT 75 18/04/11 19/04/11 20/04/11 21/04/11 25/04/11 26/04/11 27/04/11 28/04/11 29/04/11 02/05/11 03/05/11 04/05/11 05/05/11 06/05/11 09/05/11 10/05/11 11/05/11
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Source: BSE India; Cygnus Research

Index BSE (Points) APTECH Ltd (Rs) EDUCOMP SOLU (Rs) EVERONN SYS (Rs) NIIT Ltd (Rs) Index BSE (Points) APTECH Ltd (Rs) EDUCOMP SOLU (Rs) EVERONN SYS (Rs) NIIT Ltd (Rs)

1st Week (18 -26 April 2011) Opening Closing Var(%) 19,091.17 19,545.35 2.38
109.05 457.75 681.95 54.60 110.15 462.70 660.85 58.75 1.01 1.08 -3.09 7.60

2nd Week (27th April - 3rd May 2011) Opening Closing Var(%) 19,448.69 18,534.69 -4.70
110.80 474.50 665.95 57.05 101.40 436.90 624.50 54.65 -8.48 -7.92 -6.22 -4.21

3rd Week (4th May -10th May 2011) Opening Closing Var(%) 18,469.36 18,512.77 0.24
99.20 441.10 607.90 53.25 98.85 440.80 566.10 55.45 -0.35 -0.07 -6.88 4.13

4th Week (11-13 May 2011) Opening Closing Var(%) 18,584.96 18,531.28 -0.29
99.40 439.95 551.10 54.90 99.65 441.25 559.00 54.60 0.25 0.25 1.43 -0.55

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Industry Monitor Higher Education

June 2011

UPCOMING EVENTS
Education Equipments & Technologies Fair Jun 02-05, 2011 Askeri Museum Istanbul, Turkey The fair, is targeting to present the General Directorates related to the Turkish Ministry of Education, with their attendance and the arrangement of various Highlights seminars, displays, panels, fashion shows and competitions, to the Education Society with its rich and more productive content. Contact Eket Publicity Publishing & Fair Services, Ismet Inonu Cad. 10/408, Celiktepe 4th Details Levent, Istanbul, Turkey Tel: +(90)-(212)-2806025 2. Event INFRA EDUCA Date Jun 02-03, 2011 Venue Hotel Midtown Grand Hisar, India It will showcase the entire view of education horizon and industry. It will provide an insight into current subjects and courses available to new generation students, Highlights and throw light on various schemes and programmes being offered by national and international agencies as well as government departments. Friendz Exhibitions & Promotions Private Limited, 508, Pearl Best Height 2nd, Contact Netaji Subhash Place, New Delhi, India Details Tel: +(91)-(11)-45141891; Fax: +(91)-(11)-45141898 3. Event Educate Date Jun 18-19, 2011 Venue Pragati Maidan New Delhi, India It is an educational exhibition that provides an interface for interaction between Highlights aspiring students and premier institutes, universities providing education in Engineering, Management & Medical Sciences. ISIEmergingMarketsPDF in-bmrerix from 115.248.141.169 on 2011-06-08 01:20:32 EDT. DownloadPDF. Contact SS Expomedia & Promotions Private Limited, B 451-452, First Floor, Nehru Details Ground, Faridabad, India; Tel: +(91)-(129)-4055060 4. Event Admissions Fair Date Jun 11-12, 2011 Venue Hotel Capitol Hill Ranchi, India Kolkata aims to provide Educational organizations from series aims to provide Highlights Educational organizations from around the world a cost effective, strong marketing platform to interact with the carefully targeted audience from all across India. Contact Afairs Exhibitions & Media Private Limited No. 33, Dr. Sundari Mohan Avenue, Details 2nd Floor, Kolkata, India; Tel: +(91)-(33)-22865770; Fax: +(91)-(33)-22865787 5. Event International Education Exhibition Date Jul 09-11, 2011 Venue Karachi Expo Center, Karachi, Sindh, Pakistan The Pakistan International Education and Training Exhibition set the platform for meeting a remarkable audience of prospective students. Be there and inform them Highlights about the study opportunities offered at your campus. The exhibition ensures that you meet aspiring and promising students interested to study abroad. International Educational Services, A-30, Latifi Society, Gulistan-E-Jauhar, BlockContact 20, Post Box No. 10503, Saddar, Karachi, Pakistan Tel: +(92)-(300)-8275640; Details Fax: +(92)-(21)-8131919 1. Event Date Venue

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Industry Monitor Higher Education


6. Event Date Venue

June 2011

International Council on Innovation in Higher Education 31 July 2011 to 4 August 2011 Miami, Florida, United States It is all about Clearing house for information on innovations in higher education. Provision of contacts with individuals and organizations through referrals and ICIE Highlights sponsored events. Publications of relevant scholarly work in the International Journal of Innovative Higher Education with world wide distribution.. Contact ICIE Secretariat | P.O. Box 7507, 1200 Pennsylvania Ave., N.W., Washington, Details D.C., 20004 | Tel: (703) 566-8763 | icie@icie.net 7. Event Asian Conference for Academic Journals and Higher Education Research Date Aug 17-20, 2011 Venue Cagayan de Oro City, Philippines Asian conference focuses on academic journals, biodiversity, business and governance, health and higher education research. The theme is Practical and Highlights Breakthrough Solutions for a Sustainable Asian Region. It is sponsored by the Philippine Association of Institutions for Research, an affiliate of the Association of Institutional Research in the USA. Contact Philippine Association of Institutions for Research; Phone +49 2408704300 Details Web site: philair.ph, genarojapos@gmail.com 8. Event 5th Annual Teaching and Learning Conference Date Sep 26-28,2011 Venue Durban, KwaZulu Natal, South Africa The conference offers scholars the opportunity to consider the implications of the Highlights shift from elite to mass participation in higher education and the emerging opportunities and challenges in making higher education more responsive. Teaching and Learning Office, Francis Stock Building, Howard College, UKZN Contact ISIEmergingMarketsPDF in-bmrerix from 3002, Fax:031 260 on 2011-06-08 01:20:32 EDT. DownloadPDF. Tel:(031) 260 115.248.141.169 3360; E-mail: Utlo@ukzn.ac.za Details Website:www.tnlconference.co.za 9. Event GEBA 2011 Date Oct 20-22, 2011 Venue Iasi, Iasi, Romania The Organizing Committee is pleased to announce the Call for Papers for the 5th edition of the Annual International Conference Globalization and Higher Highlights Education in Economics and Business Administration (GEBA 2011) which will be held. Alexandru Ioan Cuza University of Iasi - Faculty of Economics and Business Contact Administration, Carol I Boulevard no.22, Building B, room 417Iasi, Romania, Details Professor Carmen Pintilescu, Ph.D;.Phone +40 232201627, Fax +40 232217000; E-mail: geba@feaa.uaic.ro

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