Jet Air­ways stock nose­dives 11%

The Hindu Business Line - - MARKET RADAR - PTI

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.

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