Buy Kingfisher Airlines With Target Of Rs 68.50

Buy Kingfisher Airlines With Target Of Rs 68.50Stock market analyst Anu Jain has maintained 'buy' rating on Kingfisher Airlines Ltd stock with an intraday target of Rs 68.50.

The strict stop loss for the stock is Rs 61.75.

The stock of the company, on Sep 03, closed at Rs 63.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 67.40 and a low of Rs 39.70 on BSE.

Current EPS is -44.86.

As per reports, Kingfisher Airlines and British Airways inked a code-sharing deal on each other's flights across the country, Sri Lanka, the UK and continental Europe, reservations for which will be start from September 7.

The deal comes after KAL given its nod to be an associate of the oneworld alliance earlier this year.

As per deal, British Airways` code will be located on 11 domestic Indian paths and one path to Sri Lanka functioned by Kingfisher Airlines.

Kingfisher Airlines has announced that it would lift up $1 billion via a range of instruments.

The company's directors have given nod to Kingfisher's plan to lift the sum via issuance of equity shares or preference shares or thru GDRs.