Jet Airways hits upper circuit for sixth straight day, up 105% in 4 weeks

Despite a sharp run-up in market price, the stock is still down 88 per cent from its 52-week high level of Rs 312, touched on January 15, 2019

Shares of Jet Airways (India) were locked in 5 per cent upper circuit for the sixth straight day at Rs 37.65 on the BSE on Tuesday amid reports that South America-based Synergy Group has submitted a new expression of interest (EOI) for the beleaguered airline. The stock was trading at its highest level since September 17, 2019.

With today’s gain, the stock price of Jet Airways (India) has more-than-doubled, up 105 per cent in less than four weeks, from the level of Rs 18.40, hit on December 11, 2019.

Till 10:56 am, a combined 31,677 equity shares had