Jet Airways stock nosedives 11%
Shares of Jet Airways on Tuesday plummeted nearly 11 per cent amid reports that Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline. The company’s scrip tumbled 10.58 per cent to close at ₹111.95 on the BSE. During the day, it plunged 14.41 per cent to ₹107.15 — its 52-week low. On the NSE, the stock dropped 10.25 per cent to close at ₹112. On the traded volumes front, 18.10 lakh shares were traded on the BSE and over one crore shares changed hands on the NSE during the day. The company’s market valuation declined by ₹150.28 crore to ₹1,271.72 crore on the BSE.