Mahantesh Sabarad, Sr. Vice President of Institutional Equity Research, Fortune Equity Brokers told CNBC-TV18, "Any opportunity Jet Airways provides in terms of dips should be bought into. We have a buy call on the stock. Until the deal with Etihad Airways got stuck we were actually negative on Jet Airways simply because the stock had run up all the way to Rs 600-700 levels and thereafter it got corrected. Almost USD 600 million infusion is a very big positive for Jet and that prompted us to actually go for the upgrade."
The share touched its 52-week high Rs 688.60 and 52-week low Rs 350.00 on 25 April, 2013 and 27 July, 2012, respectively. Currently, it is trading 34.19 percent below its 52-week high and 29.47 percent above its 52-week low. Market capitalisation stands at Rs 3,912.23 crore. Also Read: Mum-Delhi not priority; prospects bright in South: AirAsia
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