Source:Arshad Warsi
Bangalore to Delhi flight fare when Chennai airport was shut
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Tag: jetairways
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The soaring Jet Airways
Jet airways has shot up from Rs.400 on 19th Nov, 2012 to Rs.542 on 27th Nov, 2012…a whopping gain of 35% in just one week.
The price movement has been attributed to talks being held between Jet Airways and Eithad Airlines for the latter to pick up a stake/enter a partnership with Jet.
We have seen this happen time and again with various deals …the latest instance being the United Spirits deal.
Now, in any country, such rampant rigging up of stock would invite regulatory scrutiny.But in India, such sharp price spikes are par for the course.Our regulator SEBI is fast asleep and has no inclination of ever waking up.
Methinks SAC’s Cohen should open an office here !