Career Point is a great company: Avinash Gorakshekar, Anagram Capital Ltd
At levels around 450-475, definitely there could be good amount of value buying.
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| Avinash Gorakshekar, Head of Research, Anagram Capital Ltd, in a chat with ET Now talks about Career Point.
What is your take on some of these new listings like Career Point?
As far as some new listings are concerned, Career Point is a great company - 100% listing on day 1. Obviously the stock had run up much beyond its FY12 kind of valuations. So for some more time, there could be some sort of selling on the stock but definitely at levels around 450-475, definitely there could be good amount of value buying because this is a company which operates in the engineering training kind of segment. It has a very great future ahead. But nevertheless at this price, I do not think you see any value here. So probably some more selling can come on this counter as of now.
What is your take on some of these new listings like Career Point?
As far as some new listings are concerned, Career Point is a great company - 100% listing on day 1. Obviously the stock had run up much beyond its FY12 kind of valuations. So for some more time, there could be some sort of selling on the stock but definitely at levels around 450-475, definitely there could be good amount of value buying because this is a company which operates in the engineering training kind of segment. It has a very great future ahead. But nevertheless at this price, I do not think you see any value here. So probably some more selling can come on this counter as of now.
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