According to Sharan Lillaney, Research Analyst at Angel Broking, Jet Airways is a buy on dip. "It could see 20-30 percent upside going ahead," Lillaney said.
Structurally and fundamentally Jet Airways is an excellent buy at current levels. Sharan Lillaney sees 20-30 percent upside going ahead.
Angel Broking is bullish on both Jet Airways and SpiceJet with a long-term perspective of 12-18 months.
Welcoming the latest development in the Indian aviation space, Sharan Lillaney of Angel Broking says the Jet-Etihad deal will benefit other aviation players too. The valuations of the deal, according to Lillaney will form a base for other such deal valuations.