Jet Airways flies high on the bourses

Jet Airways is currently trading at Rs. 291.65, up by 3.00 points or 1.04% from its previous closing of Rs. 288.65 on the BSE. The scrip opened at Rs. 289.90 and has touched a high and low of Rs. 296.30 and Rs. 284.00 respectively. So far 270937 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.60 on 25-Apr-2013 and a 52 week low of Rs. 210.25 on 05-Feb-2014. Last one week high and low of the scrip stood at Rs. 298.00 and Rs. 272.65 respectively. The current market cap of the company is Rs. 3331.24 crore. The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 9.09% and 39.91% respectively. Jet Airways, India’s premier international airline, has decided to shut down its Visakhapatnam operations from June 1, 2014. The airline management has already sent letters to its employees in Visakhapatnam giving them a few options, including asking them to be prepared for transfer or face the prospect of putting in their papers. The contract workers, hired by an agency to handle the airline’s luggage have also been told that they would have to leave by May 31, 2014. Jet Airways currently operates a fleet of 112 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.