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Jet Airways surges on plan to add six narrow body Boeing 737s

13 Aug 2013 Evaluate

Jet Airways (India) is currently trading at Rs 335.90, up by 3.10 points or 0.93% from its previous closing of Rs 332.80 on the BSE.

The scrip opened at Rs 333.00 and has touched a high and low of Rs 338.50 and Rs 330.75 respectively. So far 48862 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 301.85 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs 344.00 and Rs 301.85 respectively. The current market cap of the company is Rs 3815.74 crore.

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

In a bid to augment its capacity on domestic and international routes, Jet Airways is all set to add six narrow body Boeing 737s in its fleet in the current fiscal. The company will also introduce 5 wide body Boeing 777s from 2015.

Moreover, the airline will also start receiving its ten Boeing 787 from 2016 onwards. The airline earns 57 percent of revenue from international operations and expects international capacity to grow 10-12 percent in this fiscal. Further, the company is hoping to ramp up its international service following its alliance with Etihad Airways and will use Abu Dhabi as a hub for its international flights

The company, on consolidated basis, registered loss of Rs 348 crore in Q1 of FY 14 on the back of higher operating costs and impact of rupee depreciation. Top line too remained lower as the airline pulled out of loss making domestic and international routes and had to ground six wide body airbus A330 planes.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
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