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Why Did Rakesh Jhunjhunwala Exit SpiceJet?

Though Rakesh Jhunjhunwala was optimistic on the prospects of Spicejet but he decided to exit as high oil prices has taken a toll on Aviation sector stocks performance.

Thus as per Rakesh Jhunjhunwala advice; one can get into Spice Jet or as a matter of fact in Aviation stock as and when oil prices came down to the previous levels of $90 per barrel.

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