Buy Jet Airways in aviation space, says SP Tulsian

Tulsian told CNBC-TV18, “Jet Airways numbers, the bottom line has been surprisingly been in black but there are certain- maybe first is on account of the other income of Rs 124 crore same of the sale and lease back in fact which we have seen that to the extent of about Rs 51 crore happening in Q4. So, that has resulted into the lower depreciation and lower interest also."

He further added, "The disappointment is more on the revenue fronts so though the results are looking quite good with bottom line in black but I don’t think that market is really too comfortable with the kind of jugglery which you can keep on doing by sell and lease back of the assets but yes even if you take the overall results and the scenario ahead of the high chances of probability of FDI coming into the aviation sooner or later so all those things makes Jet Airways a good buy because are now left with only two stocks in the aviation space that is SpiceJet and Jet and obviously the choice will be with the bigger one that is Jet Airways. So, I am keeping a positive stance on the stock.”