Jet Airways shares plunge 12% to close at Rs 134.85, hit 1-year low during the day

Shares of Jet Airways plunged 12 percent on Thursday amid a report that bidders for the company so far appear uninterested in following up on their expressions of interest

Press Trust of India May 02, 2019 17:15:31 IST
Jet Airways shares plunge 12% to close at Rs 134.85, hit 1-year low during the day
  • Investors deserted the Jet Airways' counter since the start of trading in the morning

  • During the day, it plummeted 20.41 percent to Rs 122 -- its 52-week low

  • The company's market valuation went lower by Rs 209.14 crore to Rs 1,531.86 crore on the BSE

New Delhi: Shares of Jet Airways plunged 12 percent on Thursday amid a report that bidders for the company so far appear uninterested in following up on their expressions of interest.

Jet Airways shares plunge 12 to close at Rs 13485 hit 1year low during the day

Representational image. Reuters.

Investors deserted the Jet Airways' counter since the start of trading in the morning and the scrip closed at Rs 134.85, plunging 12.04 percent on the BSE. During the day, it plummeted 20.41 percent to Rs 122 -- its 52-week low.

On the National Stock Exchange (NSE), the scrip dropped 11.70 percent to close at Rs 135.40.

On the traded volume front, 35.08 lakh shares of the company were traded on the BSE and over three crore shares on the NSE during the day.

The company's market valuation went lower by Rs 209.14 crore to Rs 1,531.86 crore on the BSE.

Jet Airways ceased operations on 17 April after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed.

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