Jet Airways zooms over 150% in intraday trade; settles 93% higher on BSE

The rally comes ahead of the order from NCLT on insolvency plea filed by State Bank of India (SBI), due to be heard later in the day today

Jet Airways rallied 150 per cent in intra-day deals on Thursday on the National Stock Exchange (NSE) with the stock hitting a high of Rs 82.75. It, however, trimmed gains to settle at Rs 73.55, up still a massive 122 per cent.

On the BSE, the scrip hit a high of Rs 77.35. The counter, however, ended the day 93 per cent higher at Rs 64 levels. In comparison, the S&P BSE Sensex gained 1.25 per cent, or 489 points to end at 39,602 levels, while the NSE’s Nifty50 closed 1.2 per cent up at 11,832 levels.

The rally comes