Kingfisher Airlines may give 40-50% gains, says SP Tulsian

Tulsian told CNBC-TV18, “I have been giving buy call on Kingfisher Airlines, when it was ruling between Rs 13-14 or even when it was ruling at around Rs 15 because in the last week of March or the beginning of April there was lot of noise that some debt settlement is likely to happen and if you recall at that time the talks were floating in the market that Vijay Mallya is looking to partly shed is stake in United Breweries or may be fully to the extent of 37% ans even part shedding of his stake in United Spirits also, which can give them a fund of close to about Rs 5000-10000 crore.”

He further added, “For the last 45 days or so, may be he has become too busy in IPL and focus has shifted from Kingfisher and now again he will come back and pay some attention to KFA for retirement of the debt. So, now I am hopeful that further fall will not be seen in the stock from the current level and any action having initiated on that count. If the stake sale happens in his other companies, I expect that probably the share can move back to about Rs 16-18. So, from here on you have a risk of hardly 10%, but you have the chances of making 40-50% as a short term investor or as a trader.”