Jet Airways' troubles could be blessing in disguise for SpiceJet

Brokerages have advised investors against bottom fishing in Jet scrip

Shareholders of Jet Airways have lost over 37 per cent in the last two trading sessions, and close to 75 per cent from the year-ago levels. 

The stock is expected to post further losses, given the suspension of operations and the time it will take to bring a new owner on board. Analysts believe that the odds are stacked against potential suitors, given the leverage and little clarity on the quantum of haircut. Most brokerages have a sell rating on the stock and advise investors against bottom fishing in the scrip. 

An analyst at a domestic brokerage believes it will