Jet Airways flies higher on the bourses

06 Feb 2014

Jet Airways (India) is currently trading at Rs. 231.45, up by 20.10 points or 9.51% from its previous closing of Rs. 211.35 on the BSE.

The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 235.40 and Rs. 217.00 respectively. So far 1271500 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. 210.25 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 249.40 and Rs. 210.25 respectively. The current market cap of the company is Rs. 2645.12 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 10.50% and 38.50% respectively.

The Competition Commission of India (CCI) has given an approval to Abu Dhabi-based Etihad Airways proposal for purchase of 50.1% stake in Jet Privilege (JPPL), a customer loyalty programme unit of Jet Airways. 

CCI, while clearing the transaction by majority, stated that the deal was unlikely to have any adverse impact on market competition, as Etihad’s purchase of 24% stake in Naresh Goyal-led Jet Airways has already been approved and the two carriers were already partners in their respective frequent flyer programmes. Under such customer loyalty programmes, airlines generally offer certain benefits to their frequent flyers.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 73 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

135.50 2.60 (1.96%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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