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.

SI Reporter  |  Mumbai 

(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.

RECOMMENDED FOR YOU

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.

Jet Airways (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.

(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.

image

LIVE MARKET

BSE 25453.56

-242.88 (-0.95 %)

NSE 7717.00

-68.85 (-0.88%)

Widgets Magazine

STOCK WATCH

Company Price() Chg(%)
Dishman Pharma. 259.25 15.20
Fag Bearings 4395.65 7.96
Balrampur Chini 42.25 7.92
Sun TV Network 372.00 7.64
Sh.Renuka Sugar 7.76 6.74
> More on BSE Gainers
Company Price() Chg(%)
Dishman Pharma. 260.40 15.53
Balrampur Chini 42.45 8.57
Sun TV Network 371.80 7.38
Hind.Oil Explor. 34.90 6.73
Bajaj Hindusthan 12.95 6.58
> More on NSE Gainers
Company Price() Chg(%)
Essar Ports 90.10 -5.51
Union Bank (I) 158.55 -5.43
B H E L 206.55 -5.10
Metalyst Forg. 48.45 -5.00
Goldline Intl. 176.40 -4.96
> More on BSE Gainers
Company Price() Chg(%)
Rasoya Proteins 0.20 -20.00
Gammon India 11.95 -6.27
Union Bank (I) 158.45 -5.54
B H E L 206.50 -5.17
Castex Tech 54.80 -4.94
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price