Buy Jet Airways (India), target Rs 318: Dr CK Narayan
Buy Jet Airways (India) Ltd. at a price target of Rs 318.0 and a stoploss at Rs 303 from entry point.
Jet Airways (India) Ltd., incorporated in 1992, is a midcap company with a market cap of Rs 3517.54 crore. Jet Airways (India) Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 18230.44 Crore to Sales Value (84.58 % of Total Sales), Other Operating Revenue which contributed Rs 1719.25 Crore to Sales Value (7.97 % of Total Sales), Cargo Income which contributed Rs 1350.49 Crore to Sales Value (6.26 % of Total Sales), Bagasse which contributed Rs 164.85 Crore to Sales Value (0.76 % of Total Sales), Export Incentives which contributed Rs 87.32 Crore to Sales Value (0.40 % of Total Sales)for the year ending 31-Mar-2017.
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 5924.85 Crore, down -2.65 % from last quarter Sales of Rs 6086.20 Crore and up 8.73 % from last year same quarter Sales of Rs 5449.13 Crore Company has reported net profit after tax of Rs -1036.00 Crore in latest quarter. The company’s top management includes Mr.Ashok Chawla, Mr.Gaurang Shetty, Mr.Harsh Mohan, Mr.Kevin Knight, Mr.Naresh Goyal, Mr.Ranjan Mathai, Mr.Srinivasan Vishvanathan, Mr.Vikram Mehta, Mrs.Anita Naresh Goyal, Ms.Rajshree Pathy. Company has D T S & Associates as its auditoRs As on 30-06-2018, the company has a total of 113,597,383 shares outstanding.