Buy Jet Airways To Achieve Target Of Rs 472

Buy Jet Airways To Achieve Target Of Rs 472Technical analyst Nishant Jain of Tradeswift Broking is bullish on Jet Airways (India) Limited and has maintained 'buy' rating on the stock with a target of Rs 472.

Mr. Jain said that the investors can buy the stock with a stop loss of Rs 430.

The stock of the company, on March 28, ended at Rs 451.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 926.35 and a low of Rs 398 on BSE.

Current EPS & P/E ratio stood at 10.84 and 42.29 respectively.

Jet Airways along with JetLite successfully held its leadership status in the Indian Aviation segment with a dominant market share of around 26.1 percent.

Jet Airways also registered its sixteenth successive month of double digit growth with vigorous global as well as domestic passenger traffic during the last month.

The company also registered the maximum on time performance of 89.2% by a scheduled airline.

Jet Airways wholly owned arm JetLite carried more than 3.77 lakh revenue passengers during the last month with a seat factor of 80.2%.

Jet Air India is the country's major airline, which functions more than 400 flights on a daily basis to 67 destinations all over the world.

The major hub of Jet Air India is Chhatrapati Shivaji International Airport.