Not the correct time to buy Kingfisher Airlines: Ajay Parmar
"It is not the right time to enter Kingfisher at this levels, so I would rather wait maybe another 15-20% below the current market price and then I can take an entry."
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| Ajay Parmar, Head-Institutional Research, Emkay Global Financial Services in an interview with ET Now talks about Kingfisher Airlines.
Would you go out for a Kingfisher Airlines?
It is a little difficult to say at this level whether the EBITDA will be able to continue because the whole thing is on how the cost is going to be in the future. I believe there will be still a pressure on the margins, so it is not the right time to enter Kingfisher at this levels, so I would rather wait maybe another 15-20% below the current market price and then I can take an entry.
Would you go out for a Kingfisher Airlines?
It is a little difficult to say at this level whether the EBITDA will be able to continue because the whole thing is on how the cost is going to be in the future. I believe there will be still a pressure on the margins, so it is not the right time to enter Kingfisher at this levels, so I would rather wait maybe another 15-20% below the current market price and then I can take an entry.
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