Stocks

Jet Airways continues downward spiral, hits decade-low

Reuters April | Updated on April 22, 2019 Published on April 22, 2019

Shares of Jet Airways Ltd on Monday plunged as much as 23.2 per cent to ₹ 126.65, their lowest level since March 13, 2009.

It has seen about ₹ 1,534 crore ($219.61 million), or just over 50 per cent of its market value, being shaved off since the airline suspended all operations on Wednesday last week

 

The stock is headed for a third straight session of loss. More than 17.3 million shares changed hands in less than an hour of trade, slightly more than its 30-day average volume of 16.4 million shares.

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Published on April 22, 2019
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