Exit Core Education advises SP Tulsian

SP Tulsian of sptulsian.com advised investor to exit Core Education at current level as he feels the stock won’t be bouncing back.
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Feb 25, 2013, 04.38 PM | Source: CNBC-TV18

Exit Core Education advises SP Tulsian

SP Tulsian of sptulsian.com advised investor to exit Core Education at current level as he feels the stock won’t be bouncing back.

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Exit Core Education advises SP Tulsian

SP Tulsian of sptulsian.com advised investor to exit Core Education at current level as he feels the stock won’t be bouncing back.

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SP Tulsian (more)

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

SP Tulsian of sptulsian.com advised investor to exit Core Education at current level as he feels the stock won’t be bouncing back.

Tulsian told CNBC-TV18, “If one can very well compare Core Education with the company like Opto Circuits , we all have all type of concerns on its financial. These concerns were raised about 2-3 years back also when Core Education had corrected. But sometimes we get to know that the strong hands are really holding the stock and they are making prices to remain stable at those levels.”

He further said, “For first nine months of FY13 company posted an earning per share (EPS) of Rs 20. I won’t be giving any weightage. You never know the concerns, it is not only the concerns on the pledged shares but its concerns on its financials also, concerns on the corporate governance. Many of the fundamental analysts even today are not very clear with its business model. They have the larger presence in the education space abroad that is in US. I don’t understand how a company can really make this kind of money by remaining present there. We have seen the fate of the other education stock also like Educomp and Everron.”

“But Core Education for some reason has been holding on and once one sees this stocks get broken I compare this with stocks like GTL or GTL Infra or stocks like Opto Circuits. It is very difficult for the stock to bounce back. So my advice is that the investor should exit even now at these levels though he is losing or is making a loss of about 60 percent or so. I won’t advice anyone to remain invested in the stock,” Tulsian added.

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