Jet Airways inches up on unveiling six-day celebratory fare sale

11 Aug 2017

Jet Airways is currently trading at Rs. 562.90, up by 2.15 points or 0.38% from its previous closing of Rs. 560.75 on the BSE.

The scrip opened at Rs. 554.00 and has touched a high and low of Rs. 568.75 and Rs. 528.40 respectively. So far 1,77,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 645.00 on 08-Aug-2017 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. 645.00 and Rs. 528.40 respectively. The current market cap of the company is Rs. 6,393.83 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 16.30% and 32.70% respectively.

Jet Airways has lowered its business class base fares for both domestic and international travel by 20%, while the economy class travel has also become cheaper by 30% under a discounted sale scheme. The special six-day celebratory fare sale, which commences from midnight of August 10, is to mark India’s 70th Independence Day.

Tickets purchased as part of the sale for domestic flights will be valid for travel from September 5 while for the international flights the promotional tickets will be valid from September 15. The discount in base fares is applicable on both one-way and return tickets. Customers can book tickets for 44 domestic destinations and 20 international destinations.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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