Any bounce back on upside in Career Point time to take money off: BNP Paribas Fin Services
There is no comparable business model that you can do a little bit of peer comparison with.
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| Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Career Point.
Career Point stock has come down substantially from the highs - 421 odd. What would you do with this one?
I was totally in disagreement with the kind of valuation that this particular stock was commanding even on the day it got listed because there is no comparable business model that you can do a little bit of peer comparison with. Amongst the newly listed one, if there is something that we like, it is Tecpro and Ramky. These are the two stocks which look fundamentally very sound in terms of business model, margins and revenues going forward.
But Career Point, whatever you want to salvage or any kind of a bounce back on the upside, it is time to take money off.
Career Point stock has come down substantially from the highs - 421 odd. What would you do with this one?
I was totally in disagreement with the kind of valuation that this particular stock was commanding even on the day it got listed because there is no comparable business model that you can do a little bit of peer comparison with. Amongst the newly listed one, if there is something that we like, it is Tecpro and Ramky. These are the two stocks which look fundamentally very sound in terms of business model, margins and revenues going forward.
But Career Point, whatever you want to salvage or any kind of a bounce back on the upside, it is time to take money off.
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