Buy Jet Airways. target Rs 558: Siddharth Bhamre

Independent analyst Siddharth Bhamre has a buy call on Jet Airways (India) Ltd. with a target price of Rs 558. The current market price of Jet Airways (India) Ltd. is Rs 511.05. The time period given by analyst is Intra Day when Jet Airways (India) Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 493.0 .

Jet Airways (India) Ltd., incorporated in the year 1992, is a midcap company (having a market cap of ₹ 5450.97 Cr.) operating in Transport sector.

Jet Airways (India) Ltd. key Products/Revenue Segments include Income (Airlines) which contributed ₹ 18050.96 Cr to Sales Value (85.27 % of Total Sales), Other Operating Revenue which contributed ₹ 1576.34 Cr to Sales Value (7.44 % of Total Sales), Cargo Income which contributed ₹ 1337.68 Cr to Sales Value (6.31 % of Total Sales), Bagasse which contributed ₹ 167.86 Cr to Sales Value (0.79 % of Total Sales) and Export Incentives which contributed ₹ 34.49 Cr to Sales Value (0.16 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 5092.50 Cr., up 3.49% from last quarter Sales of ₹ 4920.55 Cr. and up 1.36% from last year same quarter Sales of ₹ 5024.14 Cr. Company has reported net profit after tax of ₹ 142.38 Cr. in latest quarter. The company’s CEO is Mr.Naresh Goyal. It's Board of Directors include Mr.Naresh Goyal, Mr.Ranjan Mathai, Mr.Srinivasan Vishvanathan, Mrs.Anita Goyal, Mr.Jayaraj Shanmugam, Mr.K M Unni, Mr.Kuldeep Sharma, Mr.Rahul Taneja, Mr.Shrimanikandan Ananthvaidyanathan, Mr.Aman Mehta, Mr.Dinesh Kumar Mittal, Mr.Gaurang Shetty, Mr.I M Kadri, Mr.James Hogan, Mr.James Rigney, Mr.Javed Akhtar, Mr.Kuldeep Sharma. Company has its registered office at Siroya Centre,, Sahar Airport Road,, Andheri - (East), Mumbai, 400099, Maharashtra. Company has Chaturvedi & Shah as its auditors. As on 31-03-2017, the company has a total of 113,597,383 shares outstanding.