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Jet Airways flies higher on the bourses

12 Jun 2013

Jet Airways (India) is currently trading at Rs. 407.90, up by 8.55 points or 2.14% from its previous closing of Rs. 399.35 on the BSE.

The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 411.75 and Rs. 390.10 respectively. So far 311946 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.60 on 25-Apr-2013 and a 52 week low of Rs. 320.30 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 484.00 and Rs. 384.70 respectively. The current market cap of the company is Rs. 4468.35 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 15.47% and 9.53% respectively.

Foreign Investment Promotion Board (FIPB), headed by Economic Affairs Secretary Arvind Mayaram will meet on June 14 to consider Rs 2,000 crore Jet Airways-Etihad deal. Meanwhile, Aviation Minister said that there may not have any problem with Jet-Etihad deal getting FIPB nod. In this regard, Aviation Minister met with Finance Minister on June 11.

Jet-Etihad deal assumes immense significance in the backdrop of the government looking to attract more foreign investments into the country. Also, the proposal comes after foreign carriers were allowed to pick up stakes in domestic airlines. In March, the FIPB had cleared the Rs 81 crore investment proposal of AirAsia to set up a JV airline company with Tata Sons and another partner.

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Jet Airways (I) Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323