Jet Airways flies high on the bourses

02 Jun 2014

The scrip is currently trading at Rs. 244.20, up by 2.75 points or 1.14 % from its previous closing of Rs. 241.45 on the BSE.

The scrip opened at Rs. 243.60 and has touched a high and low of Rs. 247.40 and Rs. 241.95 respectively. So far 180569 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 516.45 on 31-May-2013 and a 52 week low of Rs. 210.25 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 303.95 and Rs. 236.25 respectively. The current market cap of the company is Rs. 2772.34 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 9.09% and 39.91% respectively.

Jet Airways, country’s premier international airline, reportedly is likely to lease three of its Boeing 777-300 ERs to its equity partner Etihad Airways after these will be returned from Turkish Airlines later this year.

Jet shelved the plans of inducting these wide-bodied planes, leased with Turkish Airlines till October this year, on Eithad’s proposal. Etihad requested Jet to lease out these planes as it wanted them to deploy for its overseas network, which is still under consideration.

Jet has already leased out some of its aircraft--Airbus 330-200s and Boeing 777-300ERs, to Etihad, which has over 24% stake in the Mumbai-based carrier for over Rs 2,060 crore.

Jet Airways currently operates a fleet of 112 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

132.90 6.30 (4.98%) Feb 25, 18:59
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Company Name CMP
Interglobe Aviation 1659.50
Jet Airways (I) 132.90
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Spice Jet 85.05
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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