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Jet Airways hits upper circuit for 12th straight day, zooms 108% in 20 days

The committee of creditors of Jet Airways, on October 17, 2020, approved the resolution plan of consortium of Kalrock Capital-Murari Lal Jalan

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) hit a 52-week high of Rs 51.15 after hitting the 5 per cent upper circuit on the BSE on Friday. The stock has gained 27 per cent in one week after the company's committee of creditors (CoC) approved the resolution plan of consortium of Kalrock Capital–Murari Lal Jalan.

The stock has surpassed its previous 52-week high of Rs 50.25, touched on January 15, 2020. It has hit the upper circuit for the 12th straight trading day at the bourses. In the past 20 trading days, the stock has rallied 108 per cent from the level

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First Published: Oct 23 2020 | 10:39 AM IST

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