Jet Airways rebounds 11% from day's low

The stock moved higher by 8% to Rs 303, bouncing back 11% from its intra-day low of Rs 272 on the BSE.

Jet Airways (India) has moved higher by 8% to Rs 303, bouncing back 11% from its intra-day low as the company indicated that they are considering strategies for a turnaround.

The stock opened 3% lower at Rs 272 after Jet Airways reported a net loss of Rs 13.26 billion in the April-June (Q1) quarter of 2018-19 (FY19). This is the airline’s third-highest quarterly loss.

Jet Airways on Monday said it will seek capital infusion and sell the stake in its loyalty programme after reporting a net loss of Rs 13.26 billion in the April-June (Q1) quarter of 2018-19