See lower levels in Educomp Solutions: Pankaj Jain

Pankaj Jain, Director at Sunteck Wealthmax Capital Pvt Ltd told CNBC-TV18, "Educomp Solutions has been falling like a stone for last two, three sessions and disastrous set of Q4 numbers. Company came out with loss of about Rs 148 crore and these are part of those fallen stars, those 10-12 stocks which were doing exceedingly well in that bull phase – Unitech, Suzlon, IVRCL, Educomp these are fallen stars. Generally the psyche of general investor that any stock which was performing well and has fallen by about 40-50 percent just get into that stock without knowing why that stock has fallen is very wrong.”

He further added, “So taking all these fundamentals into consideration, taking the question marks which have been raised regarding polices of the management, regarding balance sheet, regarding the very high debt of the company everything seems to be negative only.” “So I feel that stock can go much lower and Rs 250 is a very high level, it is almost a criminal of me to say one should exit at current levels.”