Tulsian told CNBC-TV18, "Jet Airways- Etihad deal, sources have been saying that probably 24 percent stake will be acquired by Etihad for about USD 330 million that translates about Rs 1800 crore plus for 2.73 crore shares. So, whatever present valuations or the market cap which we are seeing of Jet at about Rs 5300 crore represents 76 percent stake. So, if you make a calculation of Rs 1800 crore divided by 2.73 crore shares that gives you a value per share at Rs 660 per share. So, if the shares are going to get issued to Etihad at about Rs 660 or Rs 665, I don't think that share can move beyond Rs 630-635 even if it triggers the open offer and all sort of things."
He further added, "I am not taking a positive call on the stock beyond Rs 630-635. If you see today's price move also, it moved to a level of Rs 640 but slipped quickly to the level of Rs 600. So, once the news comes out or the news gets consummated between Jet and Etihad I wont be a buyer beyond Rs 640, that is the maximum where as I said that profit booking will start coming in. So, if you want to play now for a smaller gain of about Rs 25-30 one can buy at Rs 600 and wait for that deal to happen and look to exit at about Rs 635-640."
Anda sedang membaca artikel tentang
Buy Jet Airway around Rs 600, says SP Tulsian
Dengan url
http://harmonisem.blogspot.com/2013/01/buy-jet-airway-around-rs-600-says-sp.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy Jet Airway around Rs 600, says SP Tulsian
namun jangan lupa untuk meletakkan link
Buy Jet Airway around Rs 600, says SP Tulsian
sebagai sumbernya
0 komentar:
Posting Komentar