Stay away from education space: PN Vijay

Stay away from education space, says PN Vijay, Portfolio Manager.

Vijay told CNBC-TV18, "One would like to stay away from education space for two reasons. There is a major promoter issue here. I think unfortunately for this space at least the listed companies have had one problem or the other. Educomp if you remember had major issue last year and today Everonn's Mr. Kishor being arrested for bribing an income tax official."
He further added, "I think you will be a brave man to put big money into the sector. It