Jet Airways should do well: Panda

Jitendra Panda of Capital First Securities feels that Jet Airways should do well. At 14:22 hours IST, the stock was quoting at Rs 637.90, up 11.16 percent.

Panda told CNBC-TV18, “Jet Airways - the volumes are huge and certainly participants have jumped in with lot of action expected. I believe yes, the full sector has again which has been in the last two-three months seen lot of action, the rollover continues." He further added, "I believe some profit taking has happened. People were expecting this deal to happen but then SpiceJet and that whole sector will now kick off and we should see Jet Airways doing much better. The way their long positions continue to shift, their expectations are building up there for a better performance.”