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At 11:13 am, Jet Airways was quoting at Rs 384.05, down Rs 10.65, or 2.7%. It has touched an intraday high of Rs 399 and an intraday low of Rs 380.
The company is going to spend USD 1 billion for 8 aircraft in 3 years, reports Newswire18. The five Airbus 330's and three Boeing 777's will cost Jet $1 billion, which would be funded through 100 per cent debt.
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Jet Airways opts for stake sale of up to 10% in an effort to bail out the bleeding airline reports Business Line.
Mr Naresh Goyal, Chairman said that stake sale might go up to 15 to 20% depending on the market conditions. The move comes in order to strengthen the balance sheet & ruled out that it is a distress sale.
It was trading with volumes of 2,779 shares. Yesterday the share closed down 4.14% or Rs 17.05 at Rs 394.70.
| Share Price Movement During The Last 12 Months | ||||
| Period | Price | Latest Price | Gain/Loss (Rs.) | % Gain/Loss |
| 3-Days | 431.25 | 384.05 | -47.20 | -10.94 |
| 5-Days | 417.65 | 384.05 | -33.60 | -8.05 |
| 7-Days | 429.05 | 384.05 | -45.00 | -10.49 |
| 15-Days | 511.30 | 384.05 | -127.25 | -24.89 |
| 1-Month | 472.40 | 384.05 | -88.35 | -18.70 |
| 3-Month | 430.45 | 384.05 | -46.40 | -10.78 |
| 6-Month | 556.35 | 384.05 | -172.30 | -30.97 |
| 9-Month | 997.20 | 384.05 | -613.15 | -61.49 |
| 1-Year | 911.45 | 384.05 | -527.40 | -57.86 |
| Currently -63.42% below the 52-week high of 1,049.80 |
| Currently 24.69% above the 52-week low of 308.00 |
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