Book partial profit in Jet Airways: Thununguntla

Jagannadham Thununguntla, SMC Global is of the view that one can book partial profit in Jet Airways.

Thununguntla told CNBC-TV18, “Aviation industry on its own basis is very difficult to make a buying recommendation. With the deal related excitement one can look at the stock (Jet Airways). But on fundamental basis I am not very comfortable with aviation but now considering the deal also has lots of if’s and but’s and even if it happens at what terms these are another questions. If the investor is sitting on profit at least you should take partial profit out.”