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Jet Airways (India) drops after poor Q2 numbers

Capital Market 

(India) lost 3.34% to Rs 673.50 at 11:02 on after net profit fell 91% to Rs 49.63 crore on 3.2% growth in net sales to Rs 5626.61 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 7 December 2017.

Meanwhile, the S&P Sensex was up 246.08 points or 0.75% at 33,195.29. The S&P Mid-Cap index advanced 0.86%, outperforming the Sensex.

On the BSE, 2.08 lakh shares were traded on the counter so far as against average daily volumes of 3.32 lakh shares in the past one quarter. The stock had hit a high of Rs 678.90 and a low of Rs 665 so far during the day. The stock had hit a 52-week high of Rs 727 on 20 November 2017 and a 52-week low of Rs 332.40 on 27 December 2016.

The stock had outperformed the market over the past one month till 7 December 2017, advancing 15.86% compared with the Sensex's 1.26% fall. The stock had also outperformed the market over the past one quarter, gaining 20.09% as against the Sensex's 4.06% rise. The scrip had also outperformed the market over the past one year, advancing 89.46% as against the Sensex's 25.58% rise.

The mid-cap company has equity capital of Rs 113.60 crore. Face value per share is Rs 10.

(India) is India's leading international airline which operates flights to destinations, including and overseas.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 08 2017. 10:58 IST