Hold on to Jet Airways: Siddharth Sedani

ET Now spoke to Siddharth Sedani, Sr Manager (Portfolio Management Services), Microsec Capital Ltd, on his stock recommendations.

ET Now: What do you make of Jet Airways?

Siddharth Sedani: Though the sector is bleeding, but in terms of the valuation of Jet Airways, it is around 16.9 times FY11 and 9 times FY12. Looking at the valuations and being a market leader in the segment, one should hold on with this investment but if you see the analyst and banking sector calls, they are ready to support the airline industry to revive.

So if airline industry could revive from hereon and Jet Airways could be the most efficient airline in India. So looking at the valuation, looking at the banking support towards the industry, one should hold on with this investment at least for 6 to 8 months horizon.