Stock market analyst Kiran Jadhav is of the view that investors can hold Jet Airways stock to achieve a medium-term target between Rs 750-800.

According to Jadhav, the investors will hold the stock with a strict stop loss of Rs 450.

Today, the shares of the company opened at Rs 518.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 605.95 and a low of Rs 192.50 on BSE.

Current EPS of the stock is -83.32.

On March 31, Jet Airways and its all-economy arm JetLite declared the award of a Maintenance-By-the-Hour (MBH) deal to ST Aerospace for the support of Jet Airways` CFM56-7B engines, which power Jet Airways` and JetLite`s task force of 67 Boeing 737 next generation aircraft. The agreement is worth $750 million and is ready to start immediately.

Jet Airways, on March 25, has declared that as part of its planned fleet and capacity rationalization plan, the airline signed a new lease contract for three of its B777-300 ER aircraft with Thai Airways.

In March, the company has registered a growth in its global and domestic seat factors. In its fifth successive revenue-growing month, the Indian airline`s worldwide traffic increased by 30.5% and domestic riders surged by 21.7% year-on-year.

Moreover, the airline`s economy arm JetLite has witnessed a 10.4% expansion in passenger traffic.