Bullish on Jet Airways, may hover between Rs 700-Rs 750 range: Mayuresh Joshi, Angel Broking

In a chat with ET Now, Mayuresh Joshi, VP-Institution, Angel Broking, shares his views on Jet Airways (India) Ltd.

ET Now: What is your call on Jet Airways?

Mayuresh Joshi: The deal has been structured in a very right manner for Jet Airways. Since there is no news of an open offer coming off, the stock should ideally rally another 10%-15% from the current levels, but the upside risk remains.

So, you might just expect Jet to move in the range of Rs 700 and Rs 750 in the short to medium term. The downside risk to aviation stocks are ruled out. Apart from Jet, Spice Jet should also see an equal amount of rally coming in.