Aviation stocks rally 20-35% in a month. Continue holding. Avoid booking Profits.
Spicejet is trading above 90, it has moved from 70 this month. up 35%.
Jet airways is above 500, it has moved from 400 this month. up 20%
Interglobe Aviation is closer to 1050, it has moved from 850 this month, up 20%
Continue holding stocks, they can give another easy 10-20% in next 2-3 months.
Global Aviation stocks are rallying. Aviation fuel prices are at its low. New buyers to have tight 5% stoploss.
Other those who own can continue holding and keep buying on dips.
Interglobe Aviation is our top pick. (Low returns in last 1-3 months compared to Jet Airways and Spicejet, more potential upside with low correction possibility.)
With Interglobe Aviation near our target price, Continue holding at 1050 for a revised target price of 1250, SL 980.