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Jet Airways hits 5% upper circuit for 5th straight day; up 27% in one week

According to a report, eighteen months after it was grounded, Jet Airways is all set for a comeback.

Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.
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Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.

SI Reporter Mumbai
Shares of Jet Airways (India) were locked in the upper circuit for fifth straight day, up 5 per cent at Rs 36.45 on the BSE on Wednesday on hopes for the revival. In the past week, the stock has gained 27 per cent, as compared to a 1 per cent rise in the S&P BSE Sensex.

Till 11:44 am, a combined around 95,000 shares had changed hands and there were pending buy orders for 125,000 shares on the BSE and NSE, the exchange data shows.

According to a Business Standard report, eighteen months after it was grounded, Jet