Short Term Buy Call For Jet Airways

Short Term Buy Call For Jet AirwaysStock market analyst D Prasad has maintained 'buy' rating on Jet Airways (India) Limited stock to achieve a short term target of Rs 875.

According to analyst, the interested investors can buy the stock above Rs 834 with a strict stop loss of Rs 814.

The stock of the company, on Oct 07, closed at Rs 817.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 842.45 and a low of Rs 353.35 on BSE.

Current EPS is -37.94.

Jet Airways announced that it will connect the national capital with Milan with daily straight flights from Dec 5.

Jet Airways Ltd proposals to lift up around $400 million via a share sale to FIs may get delayed as the administration on Thursday postponed a verdict on the plan of the private air carrier.

At a gathering on October 1, the Foreign Investment Promotion Board (FIPB) settled to postpone the plan after the civil aviation ministry stated that the airline was violating the FDI rule.

Jet Airways (India) and IBM, during Sep 2010, inked a strategic 10-year business transformation and IT services pact.

The deal is priced at $62 million.