Stock market analyst Hitendra Vasudeo of stockmechanics.com has recommended a ‘BUY’ on Het Airways stock with a target price of Rs 562 in today’s session.

Mr. Vasudeo said that interested day traders can purchase the stock above Rs 542 with a stop loss of Rs 530. If the stock market remains on positive track, the next target for the day will be above Rs 569.

Yesterday (May 15), the stock marked its closure at Rs 525.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 27533. The share price also touched a high of Rs 536 and Rs 515 during the day. The share price has seen a 52-week high of Rs 1049.8 and a low of Rs 459.9 on BSE.

The stock will achieve the target price as the company has aggressive growth plans and strong operating capabilities.

Jet Airways is planning to swell its fleet by 40% to 117 planes by 2011. The carrier, which flies to 60 destinations, launched a new route from its base in Mumbai to Bangkok on May 7.

Currently, the carrier has a fleet of 81 planes that comprise 10 Boeing 777-300 ER aircraft, eight Airbus A330-200 and 9 Avions de Transport Regional, or ATR, turboprops. The average age of its planes is 4.3 years.

The new Mumbai-Bangkok route will have one flight a day and raises the company’s total flights to Bangkok to 24 a week. Jet launched New Delhi-Bangkok and Kolkata-Bangkok routes last year using Boeing 737-800 planes.

Also planned are New Delhi-Hong Kong and Mumbai-Shanghai- San Francisco flights, slated to start in July. The company is also planning to launch an international low-cost carrier in Southeast Asia. Jet Airways has also decided to have 92 planes by March 2009, 106 by March 2010 and 117 by March 2011.

Moreover, the carrier also entered into a framework deal with Bangalore International Airport (BIAL) with regards to sub-leasing land at the new Bangalore International Airport to construct a base maintenance and engineering facility.

Other stocks from the same sector that looks good for short-term as well as long-term trading includes Deccan Avaiation, SpiceJet and Allcargo Global.