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Jet Airways rises on buzz of plan to add 11 Boeing 737 planes

07 Feb 2017

Jet Airways (India) is currently trading at Rs. 380.85, up by 4.65 points or 1.24 % from its previous closing of Rs. 376.20 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 384.50 and Rs. 374.10 respectively. So far 167938 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.25 on 17-May-2016 and a 52 week low of Rs. 332.40 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 400.00 and Rs. 361.70 respectively. The current market cap of the company is Rs. 4326.36 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 36.13% and 12.87% respectively.

In order to arrest its falling market share, Jet Airways is reportedly planning to add 11 Boeing 737 aircraft. The airline is expecting to induct the planes by 2018 end. Domestic traffic has been growing 20% plus but Jet Airways has been unable to participate in the growth story because its fleet size has remained flat over the last two years.

Jet Airways has a fleet of 114 planes and this includes 76 Boeing 737s which it deploys on both domestic and short-haul overseas routes.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323