Market expert SP Tulsian, in an interview with CNBC-TV18, played down fears over the suspension of Jet Airways' flights, saying one should not worry about it because the airline can resume operations easily.
He said that it was too late to enter into SpiceJet and Interglobe Aviation as Jet Airways does not seem to be going to NCLT. “So would not initiate a buy call on any aviation stocks,” said Tulsian.
With regards to the new listing Polycab, he said the company has left a lot on the table for the prospective buyer. “If you treat it as a Wire and Cable Company then there is enough scope for PE expansion going forward … the kind of launch they have made in the fast moving electrical goods space (FMEG) within a span of 18 months is positive and for FY19 they may post a top line of Rs 9300-9500 crore,” he said.
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