Sell Kingfisher Airlines With Intraday Target of Rs 35.50
Technical analyst Anil Singhvi has maintained 'sell' rating on Kingfisher Airlines Limited stock with an intraday target of Rs 35.50.
According to analyst, the investors can sell the stock with a stop loss of Rs 39.50.
Mr. Singhvi said that it is better to sell the stock in today's trading session to avoid loss.
He also said that the interested investors can purchase the stock again to reap gains in medium or long term.
Today, the stock of the company opened at Rs 38.50 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 91 and a low of Rs 37.20 on BSE.
Current EPS is -37.75.
Scrips of domestic airline firms declined further on March 07, as uninterrupted political mayhem in Libya forced crude oil rates to go up.
With statements proposing crude might hit $200 per barrel, airline scrips were struck in on Monday and edged nearer to their 52-week lows.
On March 07, UK Brent crude was ruling at $117.46 per barrel as against its last closure at $115.72, up 1.5%.
The near-future pact of NYMEX Crude remained up $2.4 at $106.82 as compared to its last closure at $104.42 per barrel.
