Jet Airways hits upper circuit for 7th straight day, nears 3-month high

In the past 10 trading days, the stock has rallied 54 per cent from the level of Rs 18.39, hit on December 11, as compared to 2.5 per cent rise in the S&P BSE Sensex during the same period

Shares of Jet Airways (India) were locked in 5 per cent upper circuit for the seventh straight day at Rs 28.25 on the BSE on Thursday as the creditors of the shuttered airline decided to seek fresh initial bids for the airline. The stock is trading at its highest level since September 30, 2019.

The Committee of Creditors (CoC) would seek fresh Expression of Interest (EoI), according to a regulatory filing on Monday.

“The 6th CoC meeting of Jet Airways (India) was held on December 17, 2019 and the CoC passed the resolution to issue fresh invitation of