BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
CLSA maintains sell on SpiceJet
CLSA has maintained "sell" rating on SpiceJet with a target price of Rs 35. SpiceJet's best quarter is behind us with Q1FY17. Future earnings trend should look different. Continue to value SpiceJet at 8 times its EV/EBITDA.