According to SP Tulsian of sptulsian.com, SpiceJet can move up by about 30-40 percent in two-three months, if the news gets triggered like the management is looking for negotiating with some foreign airlines.
Tulsian told CNBC-TV18, “In my view, SpiceJet has not really seen the kind of upmove which is expected from the stock. Market probably is waiting for the trigger. Take for instance, if the management of SpiceJet even gives a slight hint or maybe the media speculation starts coming in that the management is looking for negotiating with some foreign airlines which is bound to happen. Whether that happens in next one month or next three months - that will be a big trigger and that can make the stock to move by about 30-40 percent.” Also Read - Here's what to expect from HUL Q4 earnings
“In fact, we have seen that kind of upmove in the past also in the stock. So, one has to look to buy this stock. I don’t think that there is much upside now left with Jet Airways unless and until we have the clarity on the open offer getting triggered. So this is the only stock available now in the aviation space. In fact I see strong upside in the stock but that will only be available to the investors those who have patience and the time horizon of about two-three months,” Tulsian added.
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