Jet Airways is currently trading at Rs. 326.80, up by 5.60 points or 1.74% from its previous closing of Rs. 321.20 on the BSE.
The scrip opened at Rs. 323.70 and has touched a high and low of Rs. 328.90 and Rs. 321.00 respectively. So far 46,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.50 on 19-Jul-2011 and a 52 week low of Rs. 167.00 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 344.00 and Rs. 312.20 respectively. The current market cap of the company is Rs. 2,821.00 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 11.70% and 8.30% respectively.
Jet Airways, India's premier international airline, as part of a strategic rebranding exercise, will consolidate its low fare service products under the Jet Konnect brand to simplify the group's service proposition and enhance brand recall.
Thus, effective from March 25, the erstwhile JetLite and Jet Airways Konnect services will operate under the Jet Konnect brand, enabling guests to avail of a single superior in-flight product in the full service (Jet Airways) and low-fare (Jet Konnect) categories.
Jet Airways (India) and Jetlite (India) will continue as distinct business entities operating under their own airline operating permits. In an attempt to achieve brand consistency, JK connect will be dedicated low fare service with a mixed fleet of boeings and ATR aircraft to operate on metro, tier II and III routes.
The aircraft will be duly painted in JetKonnect colours over time. JetKonnect will offer premiere service on certain routes where guests may enjoy service identical to that enjoyed by Premiere guests on jet Airways. This will be further expanded in a phased manner. The cockpit and cabin crew will don the same uniform as their counterparts from Jet Airways.
Some Jet Konnect flights will operate under the S2 code, while others will have flight numbers perplexed by the 9W code. 9W and S2 will also continue their existing code share agreement enabling guests to enjoy seamless connectivity between India and the world.
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