Spicejet can rally till Rs 60-65 in next 6 months : S.P Tulsian, Latest stock Price
As per S.P Tulsian Spicejet can rally till Rs 60-65 in coming six months.
Since the deal of Jet - ETIHAD i have been keeping a positive view on Spicejet.
If you really see, even now the enterprise value of less than USD 1 billion. If you really go by the financial, even go by the company positioning, I don’t think that these valuations are really too stretched. Whenever we have the confirmation, in fact there are all kinds of talks.”
He further said, "Company is now talking of the aircraft turbine fuel (ATF) import also which will improve their financial performance. You have said of murky investors taking the stake but I am not too excited by that stake being taken. But the more interesting part is that the promoters have converted the warrants. I expect that there are lot of interest by the overseas airlines more especially from the Asian region or maybe the Gulf and South East Asian region. They are going to come and have this discussion."
"Once we have that discussion start in this company whether that happens in two-three-four months, it is difficult to say. If you keep a longer term view, I think one can look to see a level of even Rs 60-65 also in the stock. But for that you need to have a longer time horizon of maybe about up to six months as well," Tulsian added.
CLICK HERE TO CHECK THE LATEST STOCK PRICE
No comments:
Post a Comment