Avoid aviation space, says Ratnesh Kumar

Ratnesh Kumar, Market Expert told CNBC-TV18, "Aviation is so hyper competitive, it is so capital intensive, historically I found it very tough to take fundamentally long term calls on the aviation sector. I am sure there are good airlines around the world which from time to time make money for investors. However, on a generic basis it is a tough sector to make a fundamental call and there are more structural growth story kind of sectors both in terms of business growth and even in terms of profitability and margins. So, I would avoid that segment."On Friday, Jet Airways ended at Rs 570.85, up Rs 41.40, or 7.82 percent on the BSE.