King of good times

From a valuations standpoint yes the stock is cheap..Noone knows when it can come up...it needs a trigger say in the form of FDI being allowed in airlines or a stake sale by mallya to plough in funds into the company

the company presently requires capital to wipe out its losses and if crude oil remains or stabilises at lower levels, these two can act as good triggers in the medium term

and one more important point in favour of KFA is that if u take its absolute market cap, its available at just 800 crore for a populous market like india. If u take US as an example for comparison or benchmarking, one will find that even a bankrupt company like United airlines commands a market cap of 4000 crore.

So that shows the valuation difference and the opportunity that lies therein for indian investors

One way of making money is buying whats unpopular and this stock perfectly fits the bill