Buy Kingfisher Airlines With Target Of Rs 75

Buy Kingfisher Airlines With Target Of Rs 75Technical analyst Prakash Gaba has maintained 'hold' rating on Kingfisher Airlines Limited stock with a target of Rs 70-75.

The stock of the company, on December 30, closed at Rs 63.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 91 and a low of Rs 39.70 on BSE.

Current EPS is - 38.46.

Kingfisher Airlines is all set to start Mumbai-Belgaum daily flight functionings from January 11.

The airline is also launching novel flights from Mumbai to Jabalpur and Indore.

The airline is to present its best economy service - Kingfisher Red and is projected to activate its ATR fleet. The Mumbai-Belgaum tariff is set at Rs 3,999 for one way.

``These flight tickets are open for sale from today (December 27). The flights to Belgaum will commence from January 11 while the flights from Mumbai to Jabalpur and Indore will commence from January 24,`` said Manoj Chacko, Executive Vice-President - Commercial, Kingfisher Airlines.