Sell Jet Airways (India). target Rs 243: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Jet Airways (India) Ltd. with a target price of Rs 243.0 . The current market price of Jet Airways (India) Ltd. is Rs 250.8 Time period given by the analyst is Intra Day when Jet Airways (India) Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 258. Jet Airways (India) Ltd., incorporated in 1992, is a midcap company with a market cap of Rs 2880.26 crore.

Jet Airways (India) Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 20309.88 Crore to Sales Value (87.21 % of Total Sales), Cargo Income which contributed Rs 1789.14 Crore to Sales Value (7.68 % of Total Sales), Other Operating Revenue which contributed Rs 956.97 Crore to Sales Value (4.10 % of Total Sales), Bagasse which contributed Rs 172.07 Crore to Sales Value (0.73 % of Total Sales) and Export Incentives which contributed Rs 58.47 Crore to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Standalone sales of Rs 6010.46 Crore, up 1.44 % from last quarter Sales of Rs 5924.85 Crore and up 6.40 % from last year same quarter Sales of Rs 5648.87 Crore Company has reported net profit after tax of Rs -1323.00 Crore in latest quarter. The company’s top management includes Mr.Ashok Chawla, Mr.Gaurang Shetty, Mr.Harsh Mohan, Mr.Kevin Knight, Mr.Naresh Goyal, Mr.Ranjan Mathai, Mr.Sharad Sharma, Mr.Vikram Mehta, Mrs.Anita Naresh Goyal, Ms.Rajshree Pathy. Company has D T S & Associates as its auditoRs As on 30-06-2018, the company has a total of 113,597,383 shares outstanding.