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Jet Airways (India) snaps 13-day losing streak

Capital Market 

Jet Airways (India) surged 43.66% to Rs 47.55 at 15:07 IST on BSE on bargain hunting after a recent slump.

Meanwhile, S&P BSE Sensex was up 408.56 points or 1.04% at 39,521.30.

On BSE, 1 crore shares were traded in Jet Airways counter, compared to a 2-week average of 23.92 lakh shares. The share price hit an intraday high of Rs 48.50. It hit a record low of Rs 27 today. It hit a 52-week high of Rs 393.20 on 25 June 2018.

Shares of Jet Airways crashed 78.06% in the past thirteen trading sessions to settle at Rs 33.10 yesterday, 19 June 2019, from its close of Rs 150.85 on 30 May 2019.

A consortium of 26 bankers led by the State Bank of India earlier this week took the airline to the National Company Law Tribunal (NCLT) for the speedy recovery of their dues.

According to media reports, NCLT will pass an order at 17:00 IST today, 20 June 2019, on whether the bankruptcy case will be admitted.

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

First Published: Thu, June 20 2019. 15:06 IST
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