Sunday, November 25, 2012

REASON FOR JET AIRWAYS OUT PERFORMANCE


As I received questions from my clients and Facebook followers about Jet Airways recent  out performance I  am re posting the news which I had earlier posted on Oct 8



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 about Etihad buying stake in Jet Airways.So I am bullish on Jet Airways