Jet Airways (India), a provider of domestic and international airline services, climbed on Thursday after Abu Dhabi's Etihad Airways executives met civil aviation minister Ajit Singh. This leads to speculation in the market that the gulf carrier is close to buying a minority stake in Indian airline.
Shares of the company are trading at Rs 611, up Rs 14.8, or 2.48% at the Bombay Stock Exchange (BSE) on Thursday at 11:40 a.m.
The scrip has touched an intra-day high of Rs 613.25 and low of Rs 594.40. The total volume of shares traded at the BSE is 710,942.
In the earlier session, the shares rose 0.96%, or Rs 5.65, at Rs 596.20. Currently, the stock is trading down 11.23% from its 52-week high of Rs 688.30 and above 162.01% over the 52-week low of Rs 233.20.
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|Note: Based on previous day closing price.|