Buy Jet Airways (India), target Rs 280: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Jet Airways (India) Ltd. with a target price of Rs 280. The current market price of Jet Airways (India) Ltd. is Rs 259.95. Time period given by the analyst is Intra Day when Jet Airways (India) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 250. Jet Airways (India) Ltd., incorporated in 1992, is a midcap company with a market cap of Rs 2952.96 crore.

Jet Airways (India) Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 20309.88 Crore to Sales Value (87.21 % of Total Sales), Cargo Income which contributed Rs 1789.14 Crore to Sales Value (7.68 % of Total Sales), Other Operating Revenue which contributed Rs 956.97 Crore to Sales Value (4.10 % of Total Sales), Bagasse which contributed Rs 172.07 Crore to Sales Value (0.73 % of Total Sales) and Export Incentives which contributed Rs 58.47 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 6147.98 Crore, down -.21 % from last quarter Sales of Rs 6161.15 Crore and up 1.02 % from last year same quarter Sales of Rs 6086.20 Crore Company has reported net profit after tax of Rs -587.77 Crore in latest quarter. The company’s top management includes Mr.Ashok Chawla, Mr.Gaurang Shetty, Mr.Kevin Knight, Mr.Naresh Goyal, Mr.Robin Kamark, Mr.Sharad Sharma, Mrs.Anita Naresh Goyal, Ms.Rajshree Pathy. Company has D T S & Associates as its auditoRs As on 31-12-2018, the company has a total of 113,597,383 shares outstanding.