Jet Airways can move to Rs 630-635: SP Tulsian

SP Tulsian, sptulsian.com is expecting the share allotment to Eithad likely to happen at Rs 660-665 per share because they will be pumping in close to Rs 1800 crore for about 2.73 crore shares. So once the news flow starts coming in we can see Jet Airways moving to about Rs 630-635.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Stocks Views

Feb 09, 2013, 12.26 PM | Source: CNBC-TV18

Jet Airways can move to Rs 630-635: SP Tulsian

SP Tulsian, sptulsian.com is expecting the share allotment to Eithad likely to happen at Rs 660-665 per share because they will be pumping in close to Rs 1800 crore for about 2.73 crore shares. So once the news flow starts coming in we can see Jet Airways moving to about Rs 630-635.

Like this story, share it with millions of investors on M3

Jet Airways can move to Rs 630-635: SP Tulsian

SP Tulsian, sptulsian.com is expecting the share allotment to Eithad likely to happen at Rs 660-665 per share because they will be pumping in close to Rs 1800 crore for about 2.73 crore shares. So once the news flow starts coming in we can see Jet Airways moving to about Rs 630-635.

Post Your Comments

Share Cancel

SP Tulsian (more)

CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO

SP Tulsian, sptulsian.com is expecting the share allotment to Eithad likely to happen at Rs 660-665 per share because they will be pumping in close to Rs 1800 crore for about 2.73 crore shares. So once the news flow starts coming in we can see Jet Airways moving to about Rs 630-635.

Tulsian told CNBC-Tv18, “First I will go with news flow and two stocks which come in my mind are Jet Airways and SREI Infrastructure Finance . For Jet Airways the due diligence has been completed by Eithad and now it seems a foregone conclusion that a formal announcement will come in next week.”

He further added, “I am expecting the share allotment to Eithad likely to happen at Rs 660-665 per share because they will be pumping in close to Rs 1800 crore for about 2.73 crore shares. So once the news flow starts coming in we can see the share moving to about Rs 630-635 and that should be a strict level. I don’t think that people should really be too greedy to look for a price beyond that. There they should look to book profits.”

”Second stock is SREI Infrastructure where they are looking to sell or divest their loan portfolio of Rs 430 crore of Kingfisher Airlines which they bought from ICICI Bank . This loan portfolio is backed by 200 percent shares of United Spirits Ltd (USL) has margin and that will be giving them a good profit. Apart from that the company has also hinted that they will be keen to look for foraying into banking once the banking license guidelines comes out.”

”Two other stocks as an investment idea which comes in my mind are Bata India and Exide Industries . I don’t think anybody can really doubt about the working fundamentals and pedigree of both the stocks and both stocks having corrected, Bata having corrected ahead of the numbers and Exide having corrected after the dull Q3 numbers also gives an entry point in both these stocks with a view of about one month or so as pure investment ideas.”

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Jet Airways can move to Rs 630-635: SP Tulsian

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login