Jet Airways stock slips 9.05 percent

Bangalore: Jet Airways ended the trading among top losers with a loss of Rs.36.40 (9.05 percent). The stock of Jet Airways opened 9.6 points down to the previous close of Rs.402.20, and could not regain the momentum throughout the day and ended at Rs.365.80. Overall, 315,828 shares were traded throughout the day. The stock touched 52-week high of Rs.453.70 and low of Rs.115.25. With 1,750,000 units of shares, HDFC Equity Fund holds the largest number of shares in Jet Airways. The 52 week stock price chart is on the left.

Jet Airways is an India-based company engaged in air transportation. The company operates in two segments: domestic (air transportation within India) and international (air transportation outside India). The company operates flights to 18 international destinations. The company has a frequent flyer program named Jet Privilege wherein the passengers who frequently uses the services of the airline become services of the airline become members of Jet Privilege and accumulates miles to their credit.

Other airways companies have also performed badly on BSE and ended the trading in red zone. Kingfisher Airlines slipped 3.71 percent, SpiceJet plunged 2.04 percent and Jagson Airlines went down 4.99 percent.

Out of eight stock analysts currently following Jet Airways, consensus recommendation is hold. While two recommended to buy and two suggested to sell the stock.