Stocks

Jet Airways shares halt three-day slide; zoom nearly 10%

PTI New Delhi | Updated on April 23, 2019 Published on April 23, 2019

In the past three days, the scrip had plummeted 40.94 per cent.

Ending a three-day losing streak, shares of Jet Airways (India) surged nearly 10 per cent at close of trade on Tuesday on value-buying at lower levels. The scrip jumped 9.90 per cent to close at Rs 169.90 on the BSE. During the day, it zoomed 12.19 per cent to Rs 173.45. At the NSE, shares advanced 8.30 per cent to close at Rs 167.55.

On the traded volume front, 45.27 lakh shares of the company were traded on the BSE and over four crore shares on the NSE during the day. In the past three days, the scrip plummeted 40.94 per cent. It hit its 52-week low of Rs 132.20 on Monday.

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival. Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.

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Published on April 23, 2019
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