Crude prices may be a dampner for aviation stocks: TS Anantakrishnan

ET Now spoke to TS Anantakrishnan, Head, Prime Wealth Management, on his views on the aviation stocks.


In the aviation sector, Jet Airways is making the right noises in terms of global alliances and new routes. The Indian sector as a whole is doing fairly well after the run up. Would you still look at buying into Jet Airways, Spicejet or Kingfisher?

TS Anantakrishnan: Not at this level because what we are looking at is more of a reflection trade. Also, we expect crude to begin going up.

Crude, being one of the major cost for any airlines, does not make us too bullish on airlines at this point. We do think it's a good opportunity for people who have invested into this sector to get out at this point.