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Avoid Jet Airways: SP Tulsian
Investment Advisor, SP Tulsian is of the view that investors should avoid Jet Airways in the aviation sector. Traders may sell it around Rs 410-420 levels and buy around Rs 370-360.
Investment Advisor, SP Tulsian is of the view that investors should avoid Jet Airways in the aviation sector. Traders may sell it around Rs 410-420 levels and buy around Rs 370-360.
Tulsian told CNBC-TV18, "I have no investments in the aviation sector; Specifically coming on Jet Airways we have been expecting that even this quarter the one ended December is likely to be very good but we should not forget that the best quarter can only curtail their losses you will not be having any hopes coming in for the sector or for the company, they have the liquidity crunch and they will continue to face all the problems, we cannot swing with the ups and downs of this cycle on a day to day basis as an investor. If you are a trader you have all the rights to trade in and maybe sell it at Rs 410-420 and buy at 370-360 but not as an investor I would advice to go for the buying of the stock."
