Kingfisher Airlines has target of Rs 58: Vora

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Kingfisher Airlines has target of Rs 58: Vora

Gautam Vora, Director of ULJK Securities is of the view that Kingfisher Airlines has target of Rs 58.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Buy Kingfisher Airlines, says Sukhani Kingfisher Airlines likely to raise Rs 4 bn ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about Kingfisher Air See messages about Kingfisher Air Kingfisher Air BSE | NSE 30/05/12 Are Mutual Funds betting on Kingfisher Air?

Gautam Vora, Director of ULJK Securities is of the view that Kingfisher Airlines has target of Rs 58.

Vora told CNBC-TV18, "Jet Airways has gone up considerably. I don't think it is a good buy at this level. Kingfisher Airlines is looking pretty strong on the technical charts. It is at about Rs 53.50 or so. We could easily see a level of about Rs 57.50-58 in the short-term. It is RSI, MACD, volumes, all have picked up and they are all looking pretty strong. So Kingfisher is a good buy, we have a target of about between Rs 57.50 and Rs 58 in the short-term."