Hold SpiceJet stocks, further upside expected: experts

PUBLISHED ON: January 30, 2013 | Duration: 19 min, 41 sec

   
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Manish Hathiramani, proprietary trader and technical analyst at Deen Dayal Investments, and A.K. Prabhakar, senior vice president of equity research at Anand Rathi, feel that investors should hold onto SpiceJet. Mr Hathiramani suggests that the stock is bullish on the charts and is headed to Rs 60 levels. Mr Prabhakar says that after Jet Airways, the no-frills airline could be a beneficiary of FDI from foreign airlines. He, therefore, advises investors to hold for further upside.
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