Airline stocks good for investors with horizon of 3-6 mths: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com in conversation with ET NOW said this current round of declines should be used to accumulate the airline stocks.

There are news about the aviation fuel prices being cut, probably not the deepest of cuts that we have seen. How do companies like Jet Airways, Kingfisher or SpiceJet look?

Amongst the airline stocks, the best are SpiceJet and Jet Airways. They are good investment picks and this current round of declines should be used to accumulate the stocks. If you are an investor with an investment horizon of 3-6 months, these are good picks. If one is wanting to buy KFA, you should have a stop below 48 and look for targets of closer to 54-55 for that stock.