...And suddenly there are endless queues even at airport entrances and ticketing counters! Surely, the Indians too have learnt to fly...but for how long?
T
he stock markets don’t seem to care. Imagine this, Air Deccan too (at Rs.116.33 per share as on April 20, 2007) has managed to crawl north by just a miserly 12% since it first got listed on NSE on June 12, 2006! Compare this to the prolific 47% growth that the Sensex has had during the same period. Jet fares worse. Since April 1, 2006, the price per share of Jet Airways on the NSE has fallen by a shameful 49.11% to just Rs.673.66 (as on April 20, 2007). Worse fate perhaps awaits the IPO plans of various airlines–in fact Kingfisher Airlines and the combined Air India-Indian entities are planning IPOs in the next two years, with the International Bureau of Aviation forecasting that these IPOs would enable the entities to raise in excess of Rs.45 billion!
For Complete IIPM Article, Click on IIPM Article
T
he stock markets don’t seem to care. Imagine this, Air Deccan too (at Rs.116.33 per share as on April 20, 2007) has managed to crawl north by just a miserly 12% since it first got listed on NSE on June 12, 2006! Compare this to the prolific 47% growth that the Sensex has had during the same period. Jet fares worse. Since April 1, 2006, the price per share of Jet Airways on the NSE has fallen by a shameful 49.11% to just Rs.673.66 (as on April 20, 2007). Worse fate perhaps awaits the IPO plans of various airlines–in fact Kingfisher Airlines and the combined Air India-Indian entities are planning IPOs in the next two years, with the International Bureau of Aviation forecasting that these IPOs would enable the entities to raise in excess of Rs.45 billion!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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