Buy Jet Airways With Stop Loss Of Rs 802

Buy Jet Airways  With Stop Loss Of Rs 802Stock market analyst Hitendra Vasudeo has maintained 'buy' rating on Jet Airways (India) Limited stock with targets of Rs 922 and 1030.

According to analyst, the interested investors can buy the stock with stop loss of Rs 802.

Today, the stock of the company opened at Rs 892 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 896.40 and a low of Rs 403 on BSE.

Current EPS & P/E ratio stood at 7.85 and 116.37 respectively.

Jet Airways made net profit of Rs 124 million during the three month period ended September 30 as against net loss of Rs 4066.90 million in the corresponding period of 2009.

The company recorded total income of Rs 31,406.40 million for the three month period ended September 30 as compared to Rs 23,809.70 million for the three month period ended September 2009.

In addition, Jet Airways, India's premier global airline, and Jet Airways Konnect, its all-economy service, have launched 46 new flights across the country on subsisting segment.

Besides, the airline has also launched services on 9 additional segments crosswise India. JetLite, Jet Airways' all-economy arm, has launched 30 novel domestic flights in the country comprising the introduction of its services on 8 additional segments.