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Dec 11, 2017 04:08 PM IST | Source: CNBC-TV18

Jet Airways may move to Rs 1000: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com feels that Jet Airways may move to Rs 1000.

CNBC TV18 @moneycontrolcom

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "If there was a gap down and no follow through very next day the high of that gap down gets taken out then it is actually an even bullish chart because now chances are a few shorts are trapped in Jet Airways and they would take the market higher. I would think Jet Airways at some point would be Rs 950-1,000 stock."

Jet Airways ended at Rs 696.10, up Rs 30.50, or 4.58 percent on the BSE.

The share touched its 52-week high Rs 727 and 52-week low Rs 332.40 on 20 November, 2017 and 27 December, 2016, respectively.

Currently, it is trading 4.25 percent below its 52-week high and 109.42 percent above its 52-week low.
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