Nov 16, 2012 09:54 AM IST | Source: CNBC-TV18

Jet Airways can test Rs 430-435: SP Tulsian

Jet Airways can test Rs 430-435, says SP Tulsian, sptulsian.com. The stock is an under accumulation for last one month or so. In spite of not so robust Q2 numbers, stock held on to the level of Rs 360 and so.

Jet Airways can test Rs 430-435, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "In Jet Airways - I can't really comment on the stake sale because if take the call on the promoter holding obviously they have to bring down their stake but I don’t know whether serious developments are really happening for inducting a strategic investor into the stock."

He further added, "But we have been seeing the stock under accumulation for last one month or so. In spite of not so robust Q2 numbers, stock held on to the level of Rs 360 and so. So may be technical breakout we have seen yesterday, which can make the stock move further to about Rs 430-435 and that can be the level which can be seen in the near term."

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