InvestorQ : On Thursday, the Jet Airways stock has fallen by nearly 32%. Should I buy the stock at around Rs.167 levels?
Riya Dwivedi made post

On Thursday, the Jet Airways stock has fallen by nearly 32%. Should I buy the stock at around Rs.167 levels?

Answer
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rhea Babu answered.
1 year ago


Why Jet resolution could be tough

We suggest you be a little careful because there seems to be no clarity on whether the airlines will get the funds to start operations again. Today, the airline is majority owned by SBI and if SBI is not willing to fund the airline that does not speak too well. Already, most of the pilots and senior staff have joined competing airlines and even if Jet got the funds they may find it very difficult to sustain operations in the near future. Such stocks are always a very risky proposition and you have to only buy on hope. Even assuming that the original promoter, Mr. Goyal, is brought back, the situation may be very hard to redeem as of now. We suggest you stay away from buying this stock at this point of time.