Moneycontrol.com >> Messageboard >> Stocks >> SpiceJet >> FDI to increase in Airlines ......SpiceJet will zoom to Rs.55 by 17th Nov 2009....Buy Buy Buy

world investor

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155 Followers

The Government is going to decide on the FDI increse in Airlines from 49% currently t... Read full message

12.32 PM Nov 11th 2009 | Track | Tracked by : 1 boarders

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world investor

Platinum Member

155 Followers

The Government is going to decide on the FDI increse in Airlines from 49% currently to 74% on 17th Nov 2009...

This is good news for the airline industry especially SpiceJet where Wilbar Ross has a considerable stake..

Other foreign carriers will like to take a 26% stake in the airlines in India..

I have a strong gut feeling that foreign carriers would take a 26% stake the the best budgeted airline which is SpiceJet.....

Emirates has already offered and shown interest for a 26% stake in the airlines....

This news of the increase in FDI will attract good investors to increase ther stake in SpiceJet as it is one of the world`s best budgeted airlines....

I have been recommending SpiceJet for some time and recommend investors to accumulate at current levels...

12.32 PM Nov 11th 2009

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shahbaz

Gold Member

10 Followers

If this is the case no doubt even it will cross 70/- as per one of the boarder prediction.Good Luck and Fasten your seat belt.

12.16 AM Nov 12th 2009

arg_s

Platinum Member

70 Followers

dear world investor

I respect your assessment. It has a basis. Hope it materialises. I entered at 39.

ARG

5.41 AM Nov 12th 2009

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No FDI in aviation, for now

Refer economics times article economictimes . indiatimes . com/news/news-by-industry/transportation/airlines-/-aviation/No-FDI-in-aviation-for-now/articleshow/5232081.cms

4.16 PM Nov 15th 2009