Core Education may correct to Rs 50: SP Tulsian

Core Education may correct to Rs 50, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “Core Education, stake sale news of the promoter stock came last week only on Friday when the promoters had given the total information to the stock exchanges. However I don’t see any prospects because once you see the stock price getting broken or taken a beating definitely lot of governance issues, lot of concerns on the financials continue to remain and as I have repeatedly said I compare this fall in line with what we have seen in case of GTL, Varun Industries or may be like Opto Circuit.”
He further added, “At one point of time the financials of all these companies were also looking quite good. So, I wont touching the stock, I won’t be surprised to see the stock correcting again to the level of around Rs 50 or so and if that happens even that amounts to correction of about 30-40 percent from the current levels.”