Equity Share Stock Trading Tips Ideas for Kingfisher Airlines: Recommendation

Hold Kingfisher Airlines: S Joshi
Sharmila Joshi of Asit C Mehta is of the view that one should hold Kingfisher Airlines at current level. Domestic traffic is likely to pick up.

Joshi told CNBC-TV18, "The decline in crude prices is the most significant thing for an airline like Kingfisher Airlines because we did see crude at USD 140/bbl, the way prices have gone up and the way most of these airline companies were bleeding, but things are certainly looking better for them from that sense and now the have the JV with Jet Airways where they are trying to rationalize their flights. So a lot of the negatives are already in the price."

She further added, "One negative would be the travel advisory that could have come in the last couple of days but to that extent, Kingfisher, because it doesn’t have so much of international exposure and is insulated from that so for the moment the stock would be hold because I think that and as I said a lot of things are waiting to happen and if any of them do happen then you would see numbers starting to get better from the airlines and you would see air fares coming down, pick up in domestic travel again. So my call would really be to hold the stock for now."

• Currently -91.61% below the 52-week high of 335.00
• Currently 27.73% above the 52-week low of 22.00

Exit Kingfisher Airlines between Rs 32-35: Bhambwani
Technical Analyst, Vijay Bhambwani is of the view that one should exit Kingfisher Airlines between Rs 32-35 price band and sell on advances.

Bhambwani told CNBC-TV18, "These stocks are wealth destroyers the ray of hope for cheaper ATF is like cutting your arm off and applying a band-aid to it, it’s merely going to give an adrenaline shot to a dying horse; you can flagellate a dying horse as much as you want to but you cant win the race so I don’t think these are stocks that are likely to be outperforming or even performing in tandem with the headline indices in the couple of years, as far as specific levels are concerned Rs 22 is the support level for Kingfisher, on the upside, Rs 32-35 band is what I would see in a gung hoe scenario, I would love to exit from the stock at Rs 32-35 band and sell on advances."



Source : CNBC-TV18


Courtesy/Source: moneycontrol.com