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CLSA downgrades Jet Airways to sell

Published on Tue, Feb 21, 2012 at 10:39 |  Source : Moneycontrol.com

Updated at Tue, Feb 21, 2012 at 10:45  

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CLSA downgrades Jet Airways to sell

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Jet Airways

BSE | NSE 29/05/12

CLSA has downgraded Jet Airways to sell from outperform with a target price of Rs 290, reports CNBC-TV18.
 
The stock touched an intraday high of Rs 352.50 and an intraday low of Rs 326.75. At 10:36 hrs the share was quoting at Rs 348.85, up Rs 20, or 6.08%.
 
It was trading with volumes of 582,277 shares. In the previous trading session, the share closed down 4.58% or Rs 15.80 at Rs 328.85.
 
The company's trailing 12-month (TTM) EPS was at Rs 1.12 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 311.47. The latest book value of the company is Rs 96.91 per share. At current value, the price-to-book value of the company was 3.6.

  

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