Expert tip: This share to grow by 80% within one year, can make you rich
Market experts are of the opinion that in near one year time, investment in this aviation stock would give around 80 per cent returns on an investors investment
At a time when FIIs are fishing out their money from the Indian markets, especially from the equity and bond market, Indian investors are in limbo till the Lok Sabha elections are over. Actually, much depends upon the results of the elections and hence market experts are advising investors to go by the fundamentals of the stock while making any investment decision. They says SpiceJet is the counter that looks upside for around 80 per cent northward in long-term perspective or around one year time.
SpiceJet posted a net profit of Rs 551mn vs our estimates of Rs 1.52bn and Rs 2.30bn in Q3FY18 and a PAT loss of Rs 3.31bn in Q2FY19. Q3FY19 EBITDAR recovered by 147% QoQ to Rs 4.56bn based on 26% QoQ and 10% YoY improvement in average fares, although it was down 18% YoY on higher fuel cost at Rs 1.68 per seat-km, which was up 32% YoY against market's Rs 1.75 per seat-km and lower PLF, down 403bp YoY.
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On suggestion to the market investors in regard to SpiceJet counter, Gagan Dixit and Rachael Alva, Analyst at Elara Securities informed in a detailed research report that fundamentals of the counter is poised for upside swing of around 80 per cent. The research report says that an investor can buy the scrip for the target of Rs 144/counter levels.
Standing in sync with the Elara Securities views on SpiceJet counter Santosh Hiredesai, Analyst at SBICAP Securities informed in a detailed research study that suggests an upside swing in the SpiceJet counter. The report indicates that the counter is poised for an upside of near 36 per cent in short-term to mid-term perspective. "An investor can think of taking a buy position in the scrip for the target of Rs 109/stock."
Currently, the stock is oscillating around Rs 80/counter levels.