Jet Airways (India) is currently trading at Rs 554.0, up by 6.55 points or 1.20% from its previous closing of Rs 547.45 on the BSE.
The scrip opened at Rs 552.40 and has touched a high and low of Rs 564.20 and Rs 550.00 respectively. So far 307841 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 688.30 on 28-Jan-2013 and a 52 week low of Rs 275.10 on 16-May-2012.
Last one week high and low of the scrip stood at Rs 589.10 and Rs 498.00 respectively. The current market cap of the company is Rs 4791.54 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 11.53% and 8.47% respectively.
Ahead of a possible deal with Etihad, Jet Airways has sought Aviation Ministry’s approval for 10,000 additional weekly seats between Indian cities and Abu Dhabi. The move is significant as this will allow Jet to fly passengers to the Middle East for onwards travel on Etihad's network.
With an aim of expanding its footprint, Jet has applied for an increase in its quota of seats from Delhi and Mumbai to Abu Dhabi, besides seeking permissions for new flights from Bangalore, Chennai, Hyderabad, Thiruvananthapuram and Ahmedabad to the UAE city.
Under the bilateral rights agreement between India and Abu Dhabi, Indian carriers presently have 13,330 seats available per week out of which 12,650 seats are used. Jet accounts roughly for 30 per cent of these used seats, and with request for 10,000 more seats, its share increases to 75 per cent in the total seat quota available.
Jet Airways, including its subsidiary Jet Konnect, currently operates a fleet of 16 ATR 72-500 and 1 ATR 72-600 aircraft, and will introduce an additional 4 new ATR 72-600 aircraft into its fleet. The airline has been operating ATR aircraft since 1999 and has covered its fleet with GMAs since the beginning of its partnership with ATR.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4462.20 |
| SpiceJet | 55.74 |
| Global Vectra Helico | 291.65 |
| Taneja Aerospace | 445.20 |
| TAAL Enterprises | 2893.75 |
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