Nirmal Bang has maintained its ‘Buy’ rating on Kingfisher Airlines Limited to achieve a target of Rs 47.50 within 1-5 days.
Traders can buy the stock on dips with a stop loss of Rs 34.90.
Shares of the company, on Monday (April 20), closed at Rs 38.80 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 158.50 and a low of Rs 22 on BSE.
Air France-KLM is making discussions with Kingfisher and Jet Airways in order to serve up Indian secondary markets.