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Prefer SpiceJet from aviation space: Deepak Shenoy

Deepak Shenoy of Capitalmind.in is of the view that one may prefer SpiceJet from the aviation space as it remains attractive.

March 09, 2017 / 16:04 IST
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Deepak Shenoy of Capitalmind.in told CNBC_TV18, "The best stock in my opinion isSpiceJet. It has got the most potential to be able to grab market share. InterGlobe Aviation and Go Air have been having problems with their new aircraft, there have been some engine issues, and there are also some issues that are being looked at by DGCA. InterGlobe Aviation has significant market share and we are not seeing traffic grow quite as much we expected it grow. So, I think the pricing war is still on.""We are seeing AirAsia getting really aggressive, we are seeing Vistara coming in into Jet Airways’s space. So, we are not so attracted by Jet’s valuation at this point.""I think the best stock to play at this point would still be SpiceJet; I think it is starting to get valued in now. So, at this point among the players, from a fundamental perspective, SpiceJet still remains attractive. However, overall, the sector is going to be very mellow in the next six to eight months," he said.

first published: Mar 9, 2017 04:04 pm

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