Stock is down because independant director has part sold holding. If this was not disclosed then it should be bad. There is no negative news neither fundamentals are bad as educomp has given recent last week rally of 16% when the news comes out that they are revamping their business model. Besides this leads to improvement of cash flows which was the only concern otherwise for this company.
Any baseless rumours has always led to heavy short covering and the stock when moves up will move like a wild horse
There is nothing wrong with the company`s fundamentals, it was just a correction. It`s a great company with great clients and great projects. This company has business in most demanding sector in IT industry, that is, online education, nowonwards online education is the future. This stock is going to soar 950 levels very soon.
| NIFTY 
