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, ...

Advertisements

Quick Links

 

Market News

Nikkei hits 7-year high as BoJ expands monetary easing

The Nikkei surged 755.56 points or 4.83% to end at 16,413.76, its highest level since November 2007

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Back to Top