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Tuesday, May 8, 2012
Kingfisher Airlines may be good short term bet
Tulsian told CNBC-TV18, “For quick and early gains probably I will choose Kingfisher Airlines, because for the simple reason that the 31st March at around that time we have been hearing that Vijay Mallya will really be taking the initiatives to settle the dues or maybe to expedite the process of monetizing some of its assets. We have started hearing that again probably with the Mangalore Chemical Fertilizers. Last week there was buzz in respect to the United Spirits, prior to that it was in United Breweries."
He further added, "So I think now it is a compulsion or Vijay Mallya has been put against the wall and now he will be forced to take the early action and steps in this matter in respect to the liquidations of the liabilities of Kingfisher Airlines and if that happens I think the swift up move or the swift revival of the interest which we will notice is going to be seen in case of Kingfisher Airlines and I won’t be surprised to see the share moving past Rs 20 in next one month or so. So probably that will be my short-term trading pick amongst all three which you have mentioned.”
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