Jet Airways shares soar 15 per cent on Hinduja stake buy buzz

The airline's scrip jumped 14.73 per cent to close at Rs 150.75 on the BSE. On the NSE, the stock ended at Rs 148.40, gaining 12.94 per cent, over the previous close.

Published: 21st May 2019 06:43 PM  |   Last Updated: 21st May 2019 07:28 PM   |  A+A-

Jet Airways aircraft

Jet Airways aircraft (File Photo | PTI)

By PTI

NEW DELHI: Shares of grounded Jet Airways surged nearly 15 per cent on Tuesday after diversified Hinduja Group said it is evaluating the opportunity to invest in the airline.

The airline's scrip jumped 14.73 per cent to close at Rs 150.75 on the BSE. On the NSE, the stock ended at Rs 148.40, gaining 12.94 per cent, over the previous close.

After opening at Rs 135 a unit, its shares touched an intra-day high of Rs 154.80. Its shares have ended in the green for the second session in a row on the bourses.

On the BSE, its intra-day high was marked at 153.85. "Hinduja Group is evaluating the Jet Airways opportunity," the group said in a statement on Tuesday.

The grounded carrier shuttered its operations on April 17 and the lenders, led by SBI, are still scouting for investors to revive the airline, which has a debt burden of more than Rs 8,000 crore.

Shares of SpiceJet shed 2.24 per cent to end the day at Rs 126.65 apiece on the BSE. The scrip is not listed on the NSE.

InterGlobe Aviation, the parent of IndiGo, rose 1.31 per cent to close at Rs 1,475.90 on the BSE. It gained 1.86 per cent to close at Rs 1,482 on the NSE.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp