CLSA reiterates a 'buy' rating on Jet Airways. The brokerage keeps the target price at Rs 500, expecting 33 per cent upside from current levels. CLSA says the concerns about fuel costs and a potential fare war are overdone.
The brokerage expects strong yields, easing costs and a shrinking fleet should drive a strong second half for the aviation sector.
Also There is some market talks abt Etihad buying stake in Jetairways.So I am bullish on Jet Airways
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