Jet Airways flies high on the bourses

18 Oct 2016

Jet Airways (India) is currently trading at Rs. 457.25, up by 1.75 points or 0.38% from its previous closing of Rs. 455.50 on the BSE.

The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 460.45 and Rs. 456.30 respectively. So far 26713 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. 383.55 on 20-Oct-2015.

Last one week high and low of the scrip stood at Rs. 466.20 and Rs. 442.90 respectively. The current market cap of the company is Rs. 5201.62 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, is set to introduce wide-body services on the busiest domestic routes in a move that will significantly enhance connectivity and offer superior on-board experience. Beginning October 30th, Jet Airways will expand its wide body wings with 9W 346 / 362 on the Mumbai-Delhi-Mumbai and with 9W 907 / 946 on the Delhi-Kolkata-Delhi routes, that will significantly boost its capacity on these key sectors. In fact, introducing the A330 will nearly double Jet Airways' current capacity on the fast growing Delhi - Kolkata - Delhi route. Deploying A330s on domestic flights will allow Jet Airways to offer its guests a considerably luxurious and comfortable flying experience equivalent to international standards, including its famed 'bed-in-the-sky' lie-flat beds in Première and ergonomically designed seats that offer greater legroom in Economy. Together with convenient timings, the heightened in-flight experience will help refresh and recharge weary corporate travellers.

Effective October 30th, 2016, Jet Airways will introduce a new flight between Delhi and the major port city of Kochi, thus connecting the National Capital with the principal commercial centre of Kerala. Several businesses such as heavy industries, industrial minerals, fishing and information technology are thriving in the city and its surrounding regions. The new flight will provide seamless onward connectivity to other destinations in the North such as Jaipur, Chandigarh and Dehradun. Likewise, the flights to/from Kochi will provide connections for guests to/from North America, Europe, London and the Middle East via Jet Airways’ main hubs in Mumbai and Delhi.

The winter schedule will also see Jet Airways introduce a fifth daily frequency between Delhi and Kolkata, in addition to the wide body A330 service, while further enhancing its early morning connections by commencing a third daily service from Bengaluru to Kolkata. The new frequency, together with the wide-body service between Delhi and Kolkata will cater to corporate and business traffic allowing busy executives convenient, same day returns while traveling between these cities.

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87.95 -0.95 (-1.07%) May 11, 18:01
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