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Jet Airways flies higher on hopes of grabbing additional market share

17 Dec 2014 Evaluate

Jet Airways (India) is currently trading at Rs. 400.75, up by 0.80 points or 0.20 % from its previous closing of Rs. 399.95 on the BSE.

The scrip opened at Rs. 404.50 and has touched a high and low of Rs. 417.00 and Rs. 377.00 respectively. So far 742960 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 458.00 on 11-Dec-2014 and a 52 week low of Rs. 203.50 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 458.00 and Rs. 368.50 respectively. The current market cap of the company is Rs. 4489.94 crore.

The promoters holding in the company stood at 51.00 % while Institutions and Non-Institutions held 9.05 % and 39.95 % respectively.

Shares of  Jet Airways  have been flying higher, on a day when Indian market have been hammered out of shape. The airline company is looking eagerly to grab additional market share in the already competitive Indian sky as rival  SpiceJet  grapples with its financial woes.

Investors were also hurriedly buying shares of Jet Airways on hopes of lower aviation turbine fuel (ATF) price as Brent crude oil prices fell over USD 1 per barrel and below USD 60 for the first time since July 2009.

Recently, Jet Airways and American Express (Amex) have launched the Jet Airways American Express Corporate Card. The co-branded Card will help small & mid-sized companies and their executives save substantially on business travel and entertainment expenses. In an environment where corporate India is poised for economic expansion and business travel is likely to increase, the Card could be a significant driver of savings, which are earned in the form of JPMiles and corporate rebates on Taj Group of Hotels.

Jet Airways currently operates a fleet of 113 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.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4679.25
SpiceJet 13.27
Raymond 421.20
Global Vectra Helico 198.00
Taneja Aerospace 275.25
View more..

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