Business Standard

Jet Airways surges on heavy volumes

The stock has outperformed the market by surging 20% in past three trading sessions compared to around 1% fall in benchmark Sensex.

Related News

(India) has rallied almost 10% to Rs 619, extending its past two days gain, in an otherwise weak market on the back of over two-fold surge in trading volumes.

As many as a combined 11.96 million shares, representing about 70% of free-float equity of the company, have already changed hands on the counter so far against an average sub 6 million shares that were traded daily in past two weeks.

According to market buzz, Jet Airways may raise Rs 1,600 cr from the sale of its 24% stake to Etihad Airways.

“The company might seek approval from the foreign investment promotion board and the deal could conclude by the end of this month,” the Business Standard report suggests quoting a government official.

On Tuesday the company announced the expansion of its code sharing agreement with Etihad for the Abu Dhabi-Paris route.

The stock has outperformed the market by surging 20% in past three trading sessions on the BSE compared to around 1% fall in benchmark Sensex.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Biocon: Muted quarter, lacks immediate triggers

Reduced exports to Middle East region and capacity constraints hampered sales

Today's picks- 22 October 2014

Nifty, Bank Nifty, Cipla & Tata Motors

Groundnut exports jump 38% in first half of FY 15

India exported over 220,000 tonnes of groundnut between April and September 2014

BSE shareholders approve BSE-USE merger

A news release from the BSE said that the BSE and USE will now be filing necessary petitions before the Bombay High Court

Sept steel output drops in major nations; India logs rise

In India steel production grew by 2.5% to 6.8 MT during the month

Back to Top