Business Standard | 03/11/2020 03:25 PM | Click to read full article
Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year.
Its runaway gains have market watchers scratching their heads, especially since Jet Airways is undergoing bankruptcy proceedings. A panel of creditors did approve a resolution plan last month, but that doesn’t guarantee a resumption of flights. Retail investors are the last ones to get anything out of bankruptcy, yet some are buying in the hope Jet will successfully emerge from a restructuring.