ICICI Direct bets on Spicejet
ET Now talks to Pankaj Pandey, Head of Research, ICICI Direct on Aviation stocks.
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| ET Now talks to Pankaj Pandey, Head of Research, ICICI Direct on Aviation stocks.
If you have to buy the which one will you prefer, Spicejet, Kingfisher or Jet? I am talking about with a clear perspective that the deal gives you 30% to 40% if you hold it for a year.
Well in terms of aviation stocks I think if you look at Spicejet it is substantially down from its peak level but of all three you mentioned I think Spicejet would look attractive especially because of the fact that the low cost airlines have been gaining market share and Spicejet is one of the most efficient players operating in that arena. So in that sense if somebody has to really bet on it I think it should be Spicejet because I think going forward the most important thing is how the crude oil price.
If you have to buy the which one will you prefer, Spicejet, Kingfisher or Jet? I am talking about with a clear perspective that the deal gives you 30% to 40% if you hold it for a year.
Well in terms of aviation stocks I think if you look at Spicejet it is substantially down from its peak level but of all three you mentioned I think Spicejet would look attractive especially because of the fact that the low cost airlines have been gaining market share and Spicejet is one of the most efficient players operating in that arena. So in that sense if somebody has to really bet on it I think it should be Spicejet because I think going forward the most important thing is how the crude oil price.
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