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Mar 18, 2017 02:30 PM IST | Source: CNBC-TV18

SpiceJet more attractive than Jet Airways, Interglobe Aviation: Deepak Shenoy

Deepak Shenoy of is of the view that SpiceJet is more attractive valuation wise as compared to Jet Airways and Interglobe.

Deepak Shenoy of told CNBC-TV18, "Bharat Financial Inclusion has been I think on the limelight for being acquired. I think that is what is driving a lot of it, the news about micro finance in the recent past has not been super exciting. We have seen a report from RBI and have seen some notes from Bharat Financial itself ,the talk about losses from NPAs increasing substantially. Let us see how the month of March pans out for that them. This stock would primarily be a trading stock at this point. I will still wait for clarity on the NPA issue post March results." 

"I think in aviation space the most exciting player is SpiceJet. Jet Airways hasn't made any attractive moves in terms of gaining market share which continues to retain itself with Interglobe Aviation, so of all the three players I will still say SpiceJet is better bet in terms of valuation than Jet or Indigo at this point. There are potential mergers sort of associations stories with Jet that might play out but otherwise SpiceJet still remains more attractive," he said.
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