Quite positive on Jet Airways: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities shares his views on Jet Airways

ET Now: What is your call on Jet Airways and aviation space?

Neeraj Deewan: Actually I have been quite positive on Jet Airways for sometime in fact we have been recommending to our clients and even bought but there the interest should have come earlier because the kind of fare prices movement that we have seen and whatever has happened with KFA, there is one less airline in the sky right now and there is a very low possibility of that coming back and the kind of fare that they have been commanding and Jet Airways being among the top two. So I feel that interest should have come earlier but based on this fact that the market share will definitely improve because of one less airline and plus you have seen even crude stabilising at a particular point so that will also be one positive thing and even the results that we saw the last quarter results, the losses have reduced. So that can continue this quarter. Also, the losses can be resumed further this quarter so these are the factors which are influencing to buy into Jet Airways.