MCAP: 200 Odd Crores.
CMP: Around 111/-
CURRENT P/E: Around 13.90.
NEGATIVE: Revenue Growth missing.
POSITIVE: Sectoral bullishness, Debt Free, Cheap Valuations, Technically ripe for a move
Career Point is an education company.
They provide coaching and education services right from Pre-School to Ph.D.
Education has been out of theme off late but with the IPO of CL EDUCATE there can be some action in the sector.
In such a scenario, Career Point even though small in size is at throwaway valuations compared to the over-valuation of Career Launcher (CLEDUCATE).
Technically stock has witnessed a huge correction, right from 700s in 2010 the stock has only crashed having given temporary rallies. I think with a short-term, mid-term horizon in mind this can be a good stock with CL Educate IPO triggering a re-rating of sorts. SL of 98 should be good.