Hold call on SpiceJet; will wait and watch how things pan out: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his views on aviation space.

ET Now: What are you telling your clients as far as SpiceJet is concerned post the deal?

Sudip Bandyopadhyay: It is a definitely a good development for SpiceJet and its shareholders. We will have to see the contours of the deal and exactly how things pan out going forward but undoubtedly it is positive for the counter.

I would not recommend that my investors rush into buying SpiceJet based on just this news let us wait and watch how things move but anybody holding SpiceJet it is a great news, they should not rush to sell the shares at least.