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Jet Airways shares gain amid reports of sale talks with Tatas resuming

he stock gained 2.05 per cent to end at Rs 255.90 on BSE

Press Trust of India  |  New Delhi 

Jet's unit costs increased 8.7 per cent while its unit revenue declined 3.9 per cent

Shares of further rose by 2 per cent Tuesday amid reports of initiation of second round of talks with for a deal.

Jet Airways, however, termed the reports as "speculative in nature".

The stock gained 2.05 per cent to end at Rs 255.90 on BSE. Intra-day, it jumped 7.23 per cent to Rs 268.90.

At NSE, shares of the company rose by 1.11 per cent to close at Rs 254.

On the equity volume front, 2.1 million shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day.

Shares of had soared 9.5 per cent Monday also.

BSE had yesterday sought clarification from with reference to the reports.

In a clarification to BSE Tuesday, said that the subject is speculative in nature and that there is no discussion or decision in the Board which would require a disclosure.

"The company has been regular in making the required disclosures in accordance with Regulations 30 of the Listing Regulations. It is, however, unable to comment on the reasons for the increase in its share price on the stock exchanges," the filing added.

First Published: Tue, November 06 2018. 17:10 IST
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