Jet Airways shares halt three-day slide; zoom 13 pc
Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.
In the past three days, the scrip had plummeted 40.94 per cent. Photo: PTI
By PTI
Updated: Tue, Apr 23, 2019
12:23 pm
12:23 pm
New Delhi, PTI
Joint bid for Jet Airways innovative but complicated: Experts
With fear of job loss, Jet Airways employees knock on Aviation Ministry's door Shares of Jet Airways (India) Limited halted its three-day decline and surged 13 per cent Tuesday on value buying at lower levels.
The scrip, after a positive opening, jumped 11.57 per cent to Rs 172.50 on the BSE.
At the NSE, shares zoomed 13 per cent to Rs 174.95.
In the past three days, the scrip had plummeted 40.94 per cent.
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.
Stocks in Focus on May 21: Jet Airways, Adani Green to Sobha Limited; here are the 5 newsmakers of the day
Mumbai, Delhi airports turn game changers for SpiceJet, Indigo - airfares set to rationalise, Rs 899-type offers to dwindle; expert says buy these 2 shares
Your flight ticket prices will see big change in next two months: These factors to decide