Avoid Kingfisher for now, say experts
Rakesh Borar, Director, Alchemy Finance, and Hitesh Eidnani, Managing Director, Algo Trading, Quant First, answer investor queries on NDTV Profit. Borar feels that shares of Kingfisher Airlines will benefit directly if foreign direct investment up to 49 per cent is allowed in the aviation sector. Eidnani said that since the stock has seen a clear downtrend, it will continue to be under pressure, and hence, he is cautiously optimistic about it. He suggests avoiding any investment in the stock for now.
