Baliga told CNBC-TV18, "In Jet Airways there is a short terms buying opportunity, because the deal has been postponed not cancelled. Just like the way we use to have that flip-flop in the United Distilleries acquisition, something similar is happening out here and because of this flip-flop you will get buying opportunity for traders."
He further added, "But from investors angle I would say whenever you see levels of closer to Rs 620-630 it is a selling opportunity because this is not going to be beneficial for the existing shareholders, there will be no open offer because the acquisition is less than 25 percent. I really don't see the stock shooting too much beyond that Rs 620-640 levels. So, closer to those levels one should be looking at exiting."
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