Buy Jet Airways With Target Of Rs 800
Stock market analyst Ashwani Gujral has maintained 'buy' rating on Jet Airways stock to achieve a long term target of Rs 800.
According to analyst, the investors can achieve the said target in a period of 12-14 months.
Today, the stock of the company opened at Rs 606 on the Bombay Stock Exchange (BSE).
Current EPS is -62.33.
The share price has seen a 52-week high of Rs 651.10 and a low of Rs 230 on BSE.
Jet Airways (India) Ltd has declared that a meeting of the company's directors will take place on July 23, 2010, inter alia, to consider and sanction the company's unaudited financial results for the three month period ended June 30. During the fourth quarter ended March 2010, the company's net profit grew by 10.50% to Rs 58.58 crore on the back of 15.10% surge in net sales to Rs 2604.90 crore as against the same period of last year.
Jet Airways, on July 01, declared it would place a service tax of 10.30% on the tickets' gross value for all groups on domestic flights and economy class on global flights will be imposed on tickets sold, issued or re-issued, effective July 1, 2010, as per the administration's rule.