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Jet gains on plans to roll-out additional frequencies on Delhi-Kolkata, Bengaluru-Kolkata routes

17 Oct 2016

Jet Airways is currently trading at Rs. 460.85, up by 5.10 points or 1.12% from its previous closing of Rs. 455.75 on the BSE.

The scrip opened at Rs. 459.70 and has touched a high and low of Rs. 463.20 and Rs. 457.50 respectively. So far 1,09,000 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. 362.30 on 16-Oct-2015.

Last one week high and low of the scrip stood at Rs. 474.50 and Rs. 442.90 respectively. The current market cap of the company is Rs. 5,224.91 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.25% and 11.75% respectively.

Jet Airways, India’s premier international airline, will roll-out two additional frequencies on its Delhi-Kolkata and Bengaluru-Kolkata routes. The introduction of wide-body aircraft services on the busiest domestic routes would significantly enhance both connectivity and capacity. Introducing the A330 will nearly double Jet Airways’ capacity on the fast growing Delhi - Kolkata, and Delhi - Mumbai routes.

The airline major would nearly double the capacity on its two key destinations -- Mumbai and Kolkata -- from New Delhi, with the introduction of wide-body Airbus A330 aircraft from October 30. The Mumbai-based airline currently flies a Boeing 737, which has around 160 seats. Besides, the airline would also have a direct flight to Kochi from New Delhi.

Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. Jet Airways' robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations. Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323