SpiceJet has cracked down: Deepak Mohoni
SpiceJet is down 40% within 2 weeks and this has been one of the more stable airline stocks.
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| Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about SpiceJet and Sun TV.
What is the call on SpiceJet and Sun TV?
They have not done very much to bounce back. SpiceJet is down 40% within 2 weeks and this has been one of the more stable airline stocks. It was holding out in a band towards its high for 2 or 3 months and it has certainly cracked down.
Sun TV was also in a narrow band for 3 months and now it has started falling out of it. It is not yet as hard as SpiceJet. It is only down about 15-20% as opposed to 40% in SpiceJet over the same time period.
What is the call on SpiceJet and Sun TV?
They have not done very much to bounce back. SpiceJet is down 40% within 2 weeks and this has been one of the more stable airline stocks. It was holding out in a band towards its high for 2 or 3 months and it has certainly cracked down.
Sun TV was also in a narrow band for 3 months and now it has started falling out of it. It is not yet as hard as SpiceJet. It is only down about 15-20% as opposed to 40% in SpiceJet over the same time period.
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