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Jet Airways gains on offering domestic fares as low as Rs 967 under Udan scheme

  • May-16-2018
  • 15 Hrs IST

Jet Airways (India) is currently trading at Rs. 444.00, up by 5.85 points or 1.34% from its previous closing of Rs. 438.15 on the BSE.

The scrip opened at Rs. 436.90 and has touched a high and low of Rs. 454.35 and Rs. 421.10 respectively. So far 607714 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 883.65 on 05-Jan-2018 and a 52 week low of Rs. 421.10 on 16-May-2018.

Last one week high and low of the scrip stood at Rs. 505.80 and Rs. 421.10 respectively. The current market cap of the company is Rs. 5035.20 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 16.77% and 32.23% respectively.

Jet Airways has offered fares starting as low as Rs 967 on select routes under Udan scheme. The airline will commence its operations under the scheme from June 14 onwards.

Earlier, the company had bagged four routes in the second round of bidding in January, under the government’s regional connectivity scheme, Udan, in which a total of 325 routes were awarded to various operators.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.