From the news it is learnt that Rakesh Jhunjhunwala has picked up a stake in Kingfisher Airlines with a longer horizon. But the stake is less than 1% as it is not seen in the shareholding pattern at http://www.bseindia.com/
In last one year, Jet Airways has moved up from 127 to 730 and Spice jet moved up from 20 to 66 where as Kingfisher has moved up from 45 to 53. Ramesh Damani is very bullish on Kingfisher as well as Spice Jet. If there is any likey development, Kingfisher Airlines may move up sharply to its life time high of Rs 290.