Kingfisher may see some kind of rally: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about Kingfisher.

ET Now: What is the call on Kingfisher?

Ashwani Gujral: Kingfisher chances are that since crude is coming down, globally airline stocks are rallying. So you could have some kind of pop in all of these airline stocks, that is possible but overall these stocks are extremely range bound. So Kingfisher is broadly between that 30 to 50 type of zone but if crude comes down to 80 bucks, airline stocks must rally.