Jet, set, going down

Two market mavens were having a delightful chat on Twitter recently: “Can someone educate me on why Jet Airways is still listed and trading, and how does it go up 5 per cent daily when the airline has closed down?” Another responded: “Absolutely. Air India can merge with Jet airways and become even more valuable on this account.”   This was friendly banter but it does raise some uncomfortable questions. The Jet Airways stock has gone up from Rs 15.45 in October 2019 to Rs 50 in January 2020 — up over 300 per cent in three months even though the company has .....

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