Checklist when price to book value becomes a trap: - When the stated value of assets in the books is higher than their realisable value - When a company’s balance sheet contains too many intangibles - When the company has huge contingent liabilities - When a large part of the liability is shifted to the future
The last few months have been a bargain hunters’ market with investors picking up stressed stocks. But many of these bargains could be traps.
CORE Education & Technologies has reported a consolidated sales turnover of Rs 281.40 crore and a net loss of Rs 70.53 crore for the quarter ended Dec '13
Here's how small cap stocks opened on November 27
CORE Education & Technologies has reported a consolidated sales turnover of Rs 330.36 crore and a net loss of Rs 29.56 crore for the quarter ended Sep '13
Here's how small cap stocks opened on October 3
Here's how small cap stocks opened on September 11
CORE Education & Technologies has reported a consolidated sales turnover of Rs 342.11 crore and a net loss of Rs 33.37 crore for the quarter ended Jun '13
One may see 10 percent lower circuit in Gitanjali Gems, says SP Tulsian of sptulsian.com.
Indices continued their slide, with brokers saying that traders were unwinding their long positions in the absence of institutional buying support.
In CNBC-TV18's popular show Bull's Eye, Rajesh Agarwal, Eastern Financiers shares trading strategy of the day.
Core Education may correct to Rs 50, says SP Tulsian, sptulsian.com.
Suzlon Energy may settle around Rs 21, says SP Tulsian, sptulsian.com.
Shares of Core Education and Technologies turned volatile since February due to concerns over its pledged shares. Promoters were holding 46.45 percent stake (5.31 crore shares) in the company; out of which they pledged 47.39 percent (2.52 crore shares).
Education stocks rallied quite sharply after the Finance Minister P Chidambaram hiked allocation for education programme by 17 percent in Budget.
On February 27, 2013 IFCI LTD. sold 1,010,000 shares of Core Education at Rs 66.32 on the BSE and sold 2,685,000 shares at Rs 64.90 on the NSE.
According to PN Vijay, Portfolio Manager at www.askpnvijay.com, one should use every opportunity to sell Core Education.
Short Core Education and ABG Shipyard, says Sudarshan Sukhani of s2analytics.com.
The sell-off in midcap shares intensified on Wednesday, with rumours swirling that the promoters of some of these companies could be teetering on the edge of bankruptcy.
Serious damages have begun to unfold in the broader markets, serving as a grim reminder to bloody Tuesday and threatening to spill over to largecaps. At 10.36 AM, the Sensex was down 2.61 points at 19012.53, and the Nifty fell 6.30 points to 5755.05.
On February 25, 2013 Cresta Fund Ltd sold 1,375,000 shares of CORE Education at Rs 113.71 on the NSE. In the previous trading session, the share closed at Rs 110.95, down Rs 184.30, or 62.42%. It has touched a 52-week low of Rs 99.
Core Education denies sale of pledged share as a reason for sharp fall in the stock, says business is as usual.
Sudarshan Sukhani of s2analytics.com advises traders to exit from Core Education on rally.
SP Tulsian of sptulsian.com advised investor to exit Core Education at current level as he feels the stock won‘t be bouncing back.
There is complete carnage in the midcap space on Monday, with brokers hinting to a large institution selling its pledged shares.