SENSEX NIFTY
Mar 27, 2012, 06.37 PM IST | Source: CNBC-TV18

MT Educare looks very expensive: SP Tulsian

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

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

He said, If 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 dont 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 dont think things are too attractive for any investor to go for the share subscription at a PE multiple of 16, he added.

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