Sell Jet Airways, advises Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "One should not hold on to Jet Airways because the chart structure is worse. So going forward I would look at the stock moving to around Rs 260-265 over the next three-six months. Any rise towards Rs 365 should be used to sell Jet Airways."

At 12:20 hrs Jet Airways was quoting at Rs 352.50, up Rs 5.85, or 1.69 percent. It has touched an intraday high of Rs 356.70 and an intraday low of Rs 342.

The share touched its 52-week high Rs 688.60 and 52-week low Rs 280 on 25 April, 2013 and 28 August, 2013, respectively. Currently, it is trading 48.81 percent below its 52-week high and 25.89 percent above its 52-week low. Market capitalisation stands at Rs 3,043.27 crore.

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