Buy aviation stocks: Ashish Maheshwari

Ashish Maheshwari, Director, Globe Capital Market Ltd. in an interview with ET Now talks about aviation stocks.

A quick word from you...Any particular counter from the aviation pack that you particularly like and your targets on that as well?

We are bullish on aviation sector per se and in our view these prices of the maximum bands were given just for negotiation per se because if you are charging Rs.40000 from Delhi to Chennai and you are asking government to approve anyway everybody knows that they are the rates which are not going to get approved.

So at least if you are asked for Rs.40000 you will get Rs.30000 so there is the kind of things these companies are adopting these policies but in my view looking at the load factor which these companies are going through nowadays and because of other factors like aviation fuel prices etc. under control these companies are going to do phenomenally well in FY11-FY12 so all buy from my side with minimum 20% appreciation expected from current levels too.