Spice Jet - A medium term bet.

Scrip: - Spice Jet.
BSE Code: - 500285
CMP: - 24.95
52 Weeks H/L: - 104.80 - 20.50

The main reason why I am bullish on this scrip is because of falling oil prices. Oil prices have fallen below 100$ level.
More over Spice Jet is introducing new 14 flights in key cities like Delhi , Hyderabad , Chennai , Pune and Coimbatore on a daily basis.
The past week trend is down but it is due to global cues.
Though this is a loss making company with not that good fundamental sound. But entering this stock at 22 Rs level is a good bet to expect a 30 % return in 3-4 months.
So one can play safe in this scrip with a three months view.

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