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Jet Airways touches roof on the bourses

27 Aug 2019

Jet Airways (India) is currently trading at upper circuit of Rs. 37.95, up by 1.80 points or 4.98% from its previous closing of Rs. 36.15 on the BSE.

The scrip opened at Rs. 37.95 and has touched a high and low of Rs. 37.95 and Rs. 37.95 respectively. So far 8266 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.00 on 16-Nov-2018 and a 52 week low of Rs. 27.00 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 37.95 and Rs. 31.25 respectively. The current market cap of the company is Rs. 431.10 crore.

The promoters holding in the company stood at 24.99%, while Institutions and Non-Institutions held 29.38% and 45.63% respectively.

The lenders to Jet Airways for the third time have extended the deadline for submission of expressions of interest (EoI) for stake sale in the bankrupt airline to August 31 after a new bidder showed interest post-August 10 deadline. After the second deadline on August 10, there were three bids, but one opted out while another one did not qualify, leaving just one in the race. The decision to extend the deadline for EoIs was taken by the lenders at a meeting of committee of creditors held in the financial capital.

Jet Airways (India) 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323