With ever so rising airfare stable fuel prices increasing number of travellers support from government whay do you guys feel about spicejet sure it’s going from some problems but I don’t think so govt can allow another airline to fail and also it showed profits in last quarter and is expected to show robust profits in q1 and q2 and in near future also
Last year was a tough one for this company. It’s balance sheet is in a horrible position.
You are right when you say that the sector is doing well but this is company specific problem. If aviation fuel costs remain low and stable for the coming year, there is a good chance that the company can get out of the woods. Otherwise, this company is on the verge of bankruptcy.
If i were buy this, I’ll buy with the amount i can afford to lose and forget and not risk more
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If a 100% gain on the position will not make any significant boost in your portfolio, it’s better to allocate that money into any other stock which is showing decent to good growth.