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CRISIL shares surged over 8% to Rs 5,184.5 in Thursday's trade on the BSE after the firm reported a 12.9% year-on-year (YoY) increase in net profit, reaching Rs 171.55 crore for the quarter ended September 30, 2024. The company's revenue from operations rose 10.3% YoY to Rs 811.8 crore.CRISIL's earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 16.7% YoY to Rs 223.8 crore for the quarter, while the EBITDA margin improved to 27.6% from 26.1% in the same period of the previous fiscal year.The board of directors declared an interim dividend of Rs 15 per share (with a face value of Rs 1) for the quarter, compared to Rs 11 per share declared during the corresponding quarter of the previous year. However, the impact of foreign exchange movements was unfavorable compared to the same quarter last year."Global growth patterns are diverging, with the US slowing, the Eurozone recovering, and India displaying robust GDP growth. Geopolitical uncertainties remain a risk," said Amish Mehta, Managing Director and CEO of CRISIL.Consolidated total income for the reporting quarter rose by 7.9% YoY to Rs 833.2 crore, from Rs 771.8 crore in the corresponding quarter of the previous year, the company said in a statement.At 10:55 am, the stock was trading 3.33% higher at Rs 4,949.3 on BSE. Its shares have surged 15% in 2024 to date and 60% over the past two years, with the company currently holding a market capitalization of Rs 35,922 crore.As per Trendlyne data, the average target price of Crisil is Rs 4,282, which indicates a downside of 13% from the current market prices. The consensus recommendation from 2 analysts for the stock is a 'Sell'.Technically, the stock's relative strength index (RSI) is at 61.3, according to data available on Trendlyne. An RSI below 30 is considered oversold, while an RSI above 70 indicates overbought conditions. The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

The ongoing diplomatic tension between India and Canada could lead to a significant shift in student preferences regarding the most popular study abroad destinations and the strategies employed by platforms providing these services. Industry players predict a decline of 15-20% interest in Canada, pushing students toward alternative countries such as Germany, the Netherlands, Ireland, and the US, which could take a bigger share of the market.“Several agencies have reported a 30% drop in inquiries concerning Canadian universities over the past couple of months. To counterbalance this, agencies are currently specializing in diversifying their portfolios,” said Go Study’s CEO Ranjit Kumar C who runs an overseas educational consultancy headquartered in Hyderabad. He added that Canada is a traditional market for platforms, accounting for 40–60% of their business. “This tremendous dependency means that any significant drop in interest could lead to a substantial economic hit.”Study abroad platforms emphasized the need for diplomatic efforts to prioritize Indian students' interests and ensure the continuity of educational opportunities. According to data from Immigration, Refugees, and Citizenship Canada (IRCC) 2023, a total of 278,250 students received study permits, accounting for 40.7% of the total international student population.“The peak season has passed, so the political developments are not impacting the current set of students who are going or have already moved to Canada for their education. We’ll have to wait and see for the year 2025,” explained Sonal Kapoor, Global Chief Commercial Officer of Prodigy Finance, which enables financing for international postgraduate students.Around 10-15% of the requests the company receives are for Canadian universities; however, Kapoor emphasized that their major markets continue to be the US and UK, and they expect the overall outflow of Indian students in 2025 to increase by 20 to 30%.Ripple Effects on Associated IndustriesWith Indian students being a crucial demographic for Canadian institutions, the ripple effects could impact not only the education sector but also associated industries, housing, and part-time employment, highlighted GoStudy’s CEO.According to a recent study by University Living, which provides student accommodation in Canada, the US, UK, Australia, and Ireland, the average expenditure per Indian student in Canada is USD 39,000 for the 2023-24 academic year. “Indian students are a vital part of Canada’s higher education landscape, contributing nearly USD 11.7 billion, as noted in the India Student Mobility Report 2023-24. This investment highlights the need for diplomatic efforts to maintain continuity in visa processes and student welfare programs, ensuring that students can pursue their education without undue concern," said Saurabh Arora, Founder of University Living.GradRight, an ed-fintech firm focusing on loan disbursements, university partnerships, and student inquiries, stated that their revenues come from marketing partner universities in India and financing loans via their partner banks. “In situations like these, the marketing leaders at reputable Canadian universities tend to increase their marketing spend since it builds more traction for them. So, we anticipate a rise in our revenues,” said Aman Singh, Co-founder of the company. He added that Canada’s loss could be the USA’s gain, which would pivot GradRight’s revenues in the fourth quarter.