Jet Airways flies high on the bourses

21 Mar 2016

Jet Airways (India) is currently trading at Rs. 538.50, up by 15.85 points or 3.03% from its previous closing of Rs. 522.65 on the BSE.

The scrip opened at Rs. 522.90 and has touched a high and low of Rs. 540.00 and Rs. 522.90 respectively. So far 245044 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 796.00 on 13-Jan-2016 and a 52 week low of Rs. 248.50 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs. 544.50 and Rs. 515.00 respectively. The current market cap of the company is Rs. 6103.59 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 37.95% and 11.05% respectively.

Jet Airways (India) has selected Honeywell Aerospace to provide maintenance services for Auxiliary Power Units (APU) on board its fleet of ten Boeing 777 airplanes. The five-year agreement will help the company better predict and manage maintenance cycles, allowing the India-based airline to reduce unscheduled downtime and improve reliability of its fleets.

Honeywell’s APU provides compressed air to the main engines of an airplane as they start. It also runs air conditioning and electrical power to the plane while it is on the ground and serves as primary or backup electrical power for environmental, cockpit and hydraulic systems during flight.  

The agreement is an extension of the company’s comprehensive APU maintenance programs already in place for its B737NG and A330 aircraft.

Jet Airways is India’s premier international airline operating flights to 73 destinations, including 51 in India and 22 across the world. Jet Airways’ robust domestic network in India spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

137.00 1.50 (1.11%) Mar 01, 10:37
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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