Technical analyst Rakesh Bansal of New Age Wealth maintained 'hold' rating on Jet Airways Limited stock stock to attain a target of Rs 570.

According to analyst, the investors can buy the stock with a stop loss of Rs 490.

Today, the stock of the company opened at Rs 519.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 403 on BSE.

Current EPS & P/E ratio stood at 7.85 and 67.80 respectively.

Strengthened by lofty passenger volumes on its Gulf network, Jet Airways is viewing increasing connectivity to the region by the coming summer season.

"Encouraged by the increasing traffic on the Gulf routes, we are mulling to launch some new sectors in our network," a Jet Airways source stated.

Jet Airways has decided to append one flight on Mumbai-Dubai way.

The source said that services to Sharjah from Mangalore and Thiruvananthapuram are also being exercised.

The projected flights are likely be served by the Boeing 737-800 aircraft, the source added.

Jet Airways is all set to report PAT of Rs 450 crore, an increase of 4 times as against Rs 105 crore in the corresponding period of the previous quarter.

Earnings are seen rising by 20% to Rs 3,942 crore.