Jet Airways trade higher on the bourses

05 Apr 2016

Jet Airways is currently trading at Rs. 597.75, up by 9.70 points or 1.65% from its previous closing of Rs. 588.05 on the BSE.

The scrip opened at Rs. 586.80 and has touched a high and low of Rs. 608.10 and Rs. 583.95 respectively. So far 7,13,000 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. 608.10 and Rs. 537.10 respectively. The current market cap of the company is Rs. 6,790.28 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 is in the process of hiring over 50 expat pilots to fly its widebody Boeing 777 planes. Six of these aircraft, currently on lease to Abu Dhabi-based Etihad Airways, are expected to start returning to the Indian carrier’s fleet from June.

The airline is planning to deploy these long-haul planes to destinations like Amsterdam, Paris and Toronto, when they come back from Abu Dhabi, by replacing the existing wide-body Airbus A330s which currently service these foreign cities.

The airline has leased out six of its ten B-777s to its 26 per cent equity partner Etihad. Jet Airways has as many as 97 planes comprising B-777s, B-737s, Airbus 330s and ATRs.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

135.50 2.60 (1.96%) Feb 26, 18:55
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Sensex vs Jet Airways (I)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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