MT Educare looks very expensive: SP Tulsian

According to SP Tulsian of sptulsian.com, MT Educare issue very expensive.
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Mar 27, 2012, 06.37 PM | Source: CNBC-TV18

MT Educare looks very expensive: SP Tulsian

According to SP Tulsian of sptulsian.com, MT Educare issue very expensive.

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MT Educare looks very expensive: SP Tulsian

According to SP Tulsian of sptulsian.com, MT Educare issue very expensive.

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SP Tulsian (more)

CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO

According to SP Tulsian of sptulsian.com, MT Educare issue very expensive.

He said, ďIf one compares MT Educare IPO with the Career Point, Career Point is a debt free company while MT Educare has a loan. It is much smaller than the Career Point and apart from that it is more concentrated in Mumbai. Its 80% revenue comes from Mumbai, so I donít think all these points go well."

"If I would have been an investor probably I would have taken a call on the Career Point; now they are making expansions in Mangalore. So I donít think things are too attractive for any investor to go for the share subscription at a PE multiple of 16,Ē he added.

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MT Educare looks very expensive: SP Tulsian

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