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    It's not a good time to trade aviation stocks: Prakash Diwan

    Synopsis

    SpiceJet reported improved numbers even as it has always been treated as a low-cost carrier, says Diwan. IndiGo IPO will be promising, he adds.

    ET Now
    In a chat with ET Now, Prakash Diwan, Director, Altamount Capital, shares his views on aviation stocks.

    ET Now: What is your view on aviation stocks? You mentioned about a trade. Is the juice in the trade over or can it actually does further because the stocks were active on Wednesday as well?

    Prakash Diwan: It is an over-reaction or belated reaction. I mean…

    ET Now: So you would not trade…

    Prakash Diwan: No, I would not trade on any of aviation stocks for now.

    May be if there is a correction, we could buy into it because the secular trend will not alter just because of a quarter or two. That said, clearly this was a second quarter running when SpiceJet reported improvement numbers and this is in spite of the fact that the airline has always been treated as a low-cost carrier. So the topline growth is always more stressful to grow, when you do not have huge ticket sales happening, the way Jet Airways would have. Interesting, the IndiGo IPO will be very promising.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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