Jet Airways (India) declines after weak Q3 show

Jet Airways (India) fell 2.79% to Rs 781 at 9:32 IST on BSE after net profit declined 45.9% to Rs 165.25 crore on 10.4% increase in net sales to Rs 6086.20 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 14 February 2018.

Meanwhile, the S&P BSE Sensex was up 106.07 points, or 0.31% to 34,262.02.

On the BSE, 85,000 shares were traded in the counter so far compared with average daily volumes of 4.04 lakh shares in the past one quarter. The stock had hit a high of Rs 792.45 and a low of Rs 771 so far during the day. The stock hit a 52-week high of Rs 883.65 on 5 January 2018. The stock hit a 52-week low of Rs 352 on 15 February 2017.

The stock had outperformed the market over the past 30 days till 14 February 2018, rising 1.48% compared with 1.77% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 17.48% as against Sensex's 3.17% rise. The scrip had also outperformed the market in past one year, rising 125.40% as against Sensex's 21.31% rise.

The mid-cap company has equity capital of Rs 113.60 crore. Face value per share is Rs 10.

Jet Airways is India's premier international airline which operates flights to 64 destinations, including India and overseas.

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