3. Top 'Multibagger' pick, will fly high in Indian Sky: SPICEJET

3. Top 'Multibagger' pick, will fly high in Indian Sky: SPICEJET

CMP: 77.40 Target: 124 short term, 250 long term

Undoubtedly this SPICEJET is going to sky rocket from this level, the reasons are given below:
1. Rakesh Jhunjhunwala pick. 
2. Crude price and ATF.
3. Unquestionable Management: It is a well known fact that Spicejet was about to get closed by Dec 2014 but it was taken over by Ajay Singh, it's founder by 2015. He is the MD of Spicejet currently. Since then the company has given 8 profitable quarters.
Let's learn more about AJAY SINGH:

As part of Narendra Modi’s election war room in 2014, Singh, coined BJP’s 2014 campaign slogan, “Abki baar Modi sarkar”. An alumnus of Delhi’s St. Columba’s School, he has also been closely involved with the party’s election campaign in the last three of the four general elections.

After completing engineering from IIT, Delhi, Singh went to Cornell University where he did an MBA in finance and was also the president of the university’s India Association.

In 1996, Delhi’s transport minister Rajendra Gupta asked him to serve on the board of DTC. This is where Singh got noticed by BJP leader Pramod Mahajan. DTC, with around 40,000 employees and a fleet of a few hundred buses, was in a bad shape but in two years, its fleet rose to 6,000.

When Mahajan became I&B minister, he appointed Singh as his officer on special duty (OSD) with the task of revamping Doordarshan. “Soon, two new channels, DD Sports and DD News were launched and when Mahajan moved to telecom ministry, Singh went with him,” a close friend of Singh said.

This isn’t the first time that Singh has come to SpiceJet’s rescue. In 2004, UK’s Bhupendra Kansagra, who bought the defunct ModiLuft airline, approached Singh to come on board.

Singh bought a 20% stake for about Rs 50 crore. “Singh had complete management control and ran the airline the way he wanted. It was he who renamed the airline SpiceJet and raised it from the dead,” a person who has worked closely with Singh in the past said.

“Six months before launch, Singh had announced that May 21, 2005 will be the launch date and so it was,” said another close associate of Singh.

SpiceJet sold 38,000 tickets on Day 1 and had a load factor of over 90%.

Launched with only three Boeing 737s, budget carrier SpiceJet was making money by 2008 and when Singh exited the airline in 2010, it had Rs 800 crore in the bank.

Singh, a sports and fitness enthusiast, has a personal gym at his Maharani Bagh home.

At St. Columba’s, where Singh was the awarded with the Sword of Honour, he captained the cricket and hockey teams while Bollywood superstar Shah Rukh Khan, junior to him by a batch, was the wicketkeeper.

After exiting SpiceJet, Singh bought Daewoo Motors India Ltd, but met with little success in reviving the company. He has investments in a bunch of businesses, is an angel investor in a nanotechnology company in Bangalore and in an IT company in Mumbai.

He is in a public private partnership with the Delhi government for operating low-floor buses, and has also invested in a real estate company, which builds luxury apartments in central Delhi. He currently heads the All India Boxing federation. So it can be duly noted that, he is very close the NDA Government. And as we know, NDA doesn't forget it's allies be it Ambanis, Adanis or Ajay singh for that matter.

4. Spicejet is to operate several regional planes under UDAAN, which will be subsidised by the central Government.

5. Spicejet recently placed an order of 205 planes worth Rs. 1,50,000 crore ( one lakh fifty thousand crore.) These planes consume 20% less fuel. Delivery of these planes starting as soon as 2017 April. 

6. Talking about fuel, crude prices going down due to US shale production. Consequently ATF tax decreased by the government. 

7. Market Share: Spicejet currently carries 

12 % of Indian domestic crowd making it the 3rd largest regional carrier only next to Indigo and Jet airways who stand at 30% and 13% respectively. Jet Airways earns lesser profit than SpiceJet, has less net worth yet it is priced at 450 Rs. whereas SpiceJet at 77.40. 

8 FIIs and DII: Currently 39% is held by DIIs like ICICI, Reliance, Ambit, Dsp, etc. and 51% by promoters. Rest 10% by retailers and traders. Warren Buffet recently invested 10 billion dollars in aviation sector. Qatar, Saudi, Dubai, Muscat, Sharjah is planning to invest in Indian aviation sector. Indigo and JetAirways are already saturated with Promotional and FII holding. It has to be Spicejet next, BUY fast or no stocks will be available once FII buying starts.

9. Miscellaneous: India to become 3tlrd largest aviation market by 2020 and spicejet to overtake Jet airways in one or two quarter. 

Warrant issues with maran will get sorted due to liquid excess cash with SJ on the account of pre booking due to Demonization. 

Various new routes like Mumbai to Kolkata, Delhi to Surat, etc. are coming.

Various international routes like Mumbai to Singapore, Mumbai to Sharjah are starting. 

The airline is also trying to pump up its ancillary revenues through other moves like a door-to-door cargo service.

Sunny Leone to launch her Perfume on Spicejet. 

"This is the fourth month in a row that the airline has topped the OTP (On Time Performance) charts. The airline also topped the passenger load factor metrics for the industry at 93.6%," it said in a statement, adding that it has beaten competitors and clocked over 90% flight occupancy for the 22nd month in a row.3 
The airline also said it registered one of the lowest industry cancellations. 

Spicejet raised it pilot salaries by upto 1 lakh recently. 

It also launched SpiceMax and Air miles program recently 

Spicejet is giving 7% discount to Dubai. Also special discount for women's day. And who doesn't know about the scheme starting from 747 Rs. 

The volume and price has gone up excessively recently due to FII activity. 

Spicejet will finance he Plane deal by stake sale to FIIs and by NSE listing which will followed by buyback as Ajay singh earning a lot from different business and taking 15 cr salary from Spicejet. 

WILL reach 120 Rs. by Diwali
Edelweiss, JPmorgan, HDFC, ICICI, Gujral, AxisDirect, SP Tulsian, Dilip Bhat, Porinju, Lilladher, Mitesh Thakkar, Prakash Gaba, CLSA all have BUY rating on Spicejet.  

BUY BUY BUY, Because SpiceJet will touch the sky.