Brokerages bullish on SpiceJet, BoI; Punj Lloyd to underperform
Tue, Aug 06, 2013 at 10:13
Brokerage: Bank of America Merrill Lynch
Target: Rs 34
Rationale: The recent sharp depreciation in the rupee will likely keep SpiceJet in the red for FY14, with full year profits visible in FY15.