Jet Airways flies high on the bourses

Jet Airways (India) is currently trading at Rs. 274.20, up by 5.70 points or 2.12% from its previous closing of Rs. 268.50 on the BSE. The scrip opened at Rs. 270.20 and has touched a high and low of Rs. 274.80 and Rs. 267.90 respectively. So far 129430 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 598.40 on 21-May-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. 276.95 and Rs. 238.25 respectively. The current market cap of the company is Rs. 3066.56 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, the country’s premier international airline is planning enhance its air connectivity to Kathmandu from New Delhi by launching one more direct flight from May 23, 2014. Currently, the company operates two daily flights each out of Delhi and Mumbai and the addition of a third service from Delhi will boost connectivity and help tourists choose flights at their convenience. With the launch of this additional service from Delhi, the company will operate five daily flights to Kathmandu from India. 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.