Buy SpiceJet, Oil India: Kirti Doshi

Buy SpiceJet and Oil India, says Kirti Doshi, Promoter, Antique Stock Broking.

Doshi told CNBC-TV18, “In aviation space we have a buy on SpiceJet. If you see the balance sheet their balance sheet is much sound and better compared to all the other competitors and the promoter stake is also very high. So we feel there is a market share gain also by this airline in last 2.5 years.”
He further added, “There can be all possibilities that large international airlines will be interested in taking may be a large or a minority stake whatever will be in the offer and this can be a very large wealth creator in next 1.5-2 years.”
“We have a buy on Oil India, we have a buy on HPCL, BPCL, ONGC, Power Grid, Indraprastha Gas, and these are the companies which really are available at throwaway prices. If you see their replacement cost, their book values there is a huge interest once the things will turn and more reforms will take place in this sector.”