Jet Airways has decided to consolidate its existing position by maximizing aircraft utilization instead of adding more new planes, as per a report.
Jet Airways stock was lower by 4% at Rs. 486. Report says that the airline has decided to consolidate its existing position by maximizing aircraft utilization instead of adding more new planes.
The scrip opened at Rs. 505 and has touched a high and low of Rs. 505 and Rs. 484 respectively. So far 1277626(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5739.64 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 796 on 13-Jan-2016 and a 52 week low of Rs. 248.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 564.6 and Rs. 490.75 respectively.
The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 37.95 % and 11.05 % respectively.
The stock is currently trading above its 50 DMA.
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