One stock that we like in the aviation pack is Spicejet. It’s a good move from the management as far as acquisition of newer aircrafts is concerned. Much more clarity in terms of overseas operation is expected to come in - possibly by this year-end and early part of 2011.
Momentum upside will definitely be there but in Kingfisher we would advise lightening of position at higher levels. One can ride Jet Airways from short-term point of view with appropriate trailing stop losses. But fundamental stock pick will be SpiceJet in the aviation pack.
CMP : 70.90
target : 85-94
sl: 63
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