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Jet Airways hits 3-year low on Q1 results deferment; stock ends 8.5% lower

The stock slipped 10% to Rs 262 on the BSE on Friday in early morning trade, its lowest level since June 16, 2015.

Jet Airways faces timing headwinds
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SI Reporter Mumbai
Shares of Jet Airways hit a three-year low of Rs 262, down 10% on the BSE on Friday in early morning trade after the company deferred announcing their June quarter numbers to an unspecified date.

On the National Stock Exchange (NSE), the stock hit a low of Rs 258, and was trading at its lowest level since June 16, 2015 in intra-day trade. The scrip, however, ended at Rs 276 levels, down 8.5%.

“This is to inform that the Board of Directors of the Company, at its Meeting held today, deferred the matter of consideration of the unaudited