Positive on the aviation sector: Ajay Parmar, Head - Institutional Research, Emkay Global Financial Services

Ajay Parmar, Head - Institutional Research, Emkay Global Financial Services, in a chat with ET Now talks about the aviation space.

What is the sense on the aviation pack have you managed to have a look at his one do you track it?

We do not track it but definitely we are positive on the aviation sector. I think lot of restructuring has happened over a period of time. Again if you look at the Indian economy, the way it is growing - whether it is the business class or it is the regular travellers - I think the traffic numbers had also has been buoyant.

If the issues were on the debt part, I think lot of de-leveraging has also happened. So this sector looks quite attractive at this level. Definitely there will be more benefits if the issues regarding the fuel cost are resolved. But overall I believe these are good companies but at the same time there will be cyclicality attached to it.