Saturday, September 8, 2012

SPICE JET : HOLD FOR 45

Dear Mahesh Ji,
Following the question I asked you earlier about Spicejet. There is a significant increase in the sales and company posted a good turn around profit in Q1. Again I have concerns with the cases against Marans and the stock is getting beaten up due to that. But im hearing further news related to investments in Spicejet from foreign airlines. Please let me know your opinion. I was waiting for my buying price to sell this off. Still this has not come to 37. Do you think it will show some improvement in the near future? ASK BY RAJEEV DANIEL JI
1.Oh Iam so late to reply your question because in 22 Aug spicejet touch 37.85 and i think you sell your stocks.
2.Spice jet ltd is a 10 rupee face value airline stock year high 37.85 and year low 15.35 stock traded at 30
3. promoters holding in Spice jet is 48.59 % they increase there holding from 43.59% and earlier 38.61 % so continue increase in promoter holding is very very strong point.
4. In my net revenue per share concept it is near 1200 per share per year so my view is  HOLD for spice jet and exit near 45
5. i have no any share of spice jet ltd .

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