Book profits in Jet Airways: Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "The risk reward clearly does not favour a buy in  Jet Airways  . I think this is the time to book profits in Jet Airways. 

We have seen a vertical move and most of the positives are already in the price. It has got a major resistance at Rs 450, so I don’t expect the stock to outperform from here on. 

So, given the risk, given its volatility, it is best to take profits and stay away from the stock for a little while." At 14:23 hrs Jet Airways was quoting at Rs 446, up Rs 8.90, or 2.04 percent. It has touched a 52-week high of Rs 458.90.