Tuesday 18 November 2008

Hold Kingfisher Airlines, says Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that one should hold Kingfisher Airlines.

Baliga told CNBC-TV18, "The downside for most of the airlines stocks is over because very clearly they are looking at the operational efficiencies, which has improved. The oil prices have come down, which is positive, the fares have still not come down, which is again another positive. And in case this deal goes through as and when the approval comes from the government, I think there will be a decent upside in Kingfisher Airlines. So from here I don’t see much more downside for this stock and those who have should just hold on to the stock."

Source: Moneycontrol

Posted by Harsh at 09:02

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.