Jet Airways recovers after recent slide

Jet Airways (India) rose 2.22% to Rs 267.50 at 15:05 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 258.97 points or 1.23% at 21,291.85.

On BSE, so far 2.99 lakh shares were traded in the counter as against average daily volume of 4.27 lakh shares in the past one quarter.

The stock hit a high of Rs 270.70 and a low of Rs 262.05 so far during the day. The stock had hit a 52-week high of Rs 688.60 on 25 April 2013. The stock had hit a 52-week low of Rs 260.35 on 16 December 2013.

The stock had underperformed the market over the past one month till 14 January 2014, sliding 4.05% compared with the Sensex's 1.53% rise. The scrip had also underperformed the market in past one quarter, declining 27.78% as against Sensex's 2.06% rise.

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

Shares of Jet Airways (India) had declined 10.83% in five trading sessions to settle at Rs 261.70 on Tuesday, 14 January 2013 from a recent high of Rs 293.50 on 7 January 2014.

Jet Airways (India) reported a net loss of Rs 894.01 crore in Q2 September 2013, higher than net loss of Rs 99.67 crore in Q2 September 2012. Net sales rose 0.9% to Rs 3788.23 crore in Q2 September 2013 over Q2 September 2012.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 10 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 2 ATR72-600. With an average fleet age of 5.19 years, the airline has one of the youngest fleet of aircraft in the world. Flights to 76 destinations span the length and breadth of India and beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo, Dammam, Dhaka, Doha, Dubai, Hong Kong, Jeddah, Kathmandu, Kuwait, London (Heathrow), Muscat, New York (Newark), Riyadh, Sharjah, Singapore and Toronto.

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