Anand Rathi Securities has recommended hold rating on SpiceJet with a target of Rs 75, in its August 18, 2010 research report.
"Spicejet has completed 5 years of operations now it can fly international flights and for this SpiceJet has ordered 30 boeing 737-800 aircrafts to take its fleet size to 75 planes by 2018. The deal is pegged at USD 2.7 billion on the list prices and deliveries for these boeing will begin from 2014 and continue till 2018. Spicejet commands market share of ~13%. With improving industry outlook, coupled with healthy fare & improving load factor, growing economy, improving passenger traffic and changing preferences, will improve the cost efficiency and bottom line of the company. Looking to the trend in the aviation sector, strong position of this company in this sector and healthiest financials amongst the peers makes us confident to continue to suggest a HOLD on this stock. We continue to maintain the target of Rs 75 in next 6 months," says Anand Rathi Securities research report . Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management.Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
