Sell Jet Airways, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends selling Jet Airways and prefers ICICI Bank and State Bank of India

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Jet Airways  is a horrible share to own, why should one hold on to them. The banks will double themselves while Jet Airways will remain where it is. So, the two banks I can immediately suggest are  ICICI Bank  and State Bank of India . Sell and get out of Jet Airways, there is nothing."

At 12:01 hrs Jet Airways was quoting at Rs 224.20, up Rs 2.20, or 0.99 percent. It has touched an intraday high of Rs 227.90 and an intraday low of Rs 222.90.

The share touched its 52-week high Rs 688.60 and 52-week low Rs 210.25 on 25 April, 2013 and 05 February, 2014, respectively. Currently, it is trading 67.44 percent below its 52-week high and 6.63 percent above its 52-week low. Market capitalisation stands at Rs 2,546.85 crore.

Disclosure: Analyst does not have positions in the stock.

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