Kingfisher Airlines Long Term Buy Call

Kingfisher Airlines Long Term Buy CallTechnical analyst Rajesh Satpute has maintained 'buy' rating on Kingfisher Airlines Limited stock with a target of Rs 85.

According to analyst, the stock can achieve the said target in a period of 12 month period.

According to analyst, the stock can be purchased with a stop loss of Rs 40.

Today, the stock of the company opened at Rs 47 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.

Today, the scrips of aviation companies gained on projections that they may increase ticket rates to counterbalance the increase in fuel rates.

Kingfisher Airlines has announced that it will append eight aircraft to its fleet by October this year to detain a fall in market share.

The company will take aircraft on lease.

This is the first time in over a year that Kingfisher Airlines Ltd has showed a proposal to swell.

The company's spokesperson stated, "Kingfisher Airlines' market share declined solely due to 14 grounded Airbus aircraft. That's 40% of Indigo's capacity and 60% of SpiceJet's."

Kingfisher is all set to put all 14 grounded aircraft in use by March 2011, as it has been capable of resolving the preservation and repair issues with the engine maker IAE.