 "Jet Airways locked at 10% upper circuit on heavy volumes")
Jet Airways (India) has locked in upper circuit of 10% at Rs 403 on the National Stock Exchange (NSE) on back of heavy volumes. The stock is currently trading at its highest level since October 2013.
At 1515 hours, a combined 8 million shares changed hands and there are pending buy orders for 238,470 shares on NSE and BSE.
Since November 25, the stock rallied 64% from Rs 245, due to falling crude oil prices. The benchmark CNX Nifty was down 0.31% during the same period.
On Friday, November 28, the company said the rating agency ICRA has upgraded the long-term rating for bank facilities of the company has been reinstated to “BB” (stable) and the short-term rating of “A4” has been reaffirmed.
At 1515 hours, a combined 8 million shares changed hands and there are pending buy orders for 238,470 shares on NSE and BSE.
Since November 25, the stock rallied 64% from Rs 245, due to falling crude oil prices. The benchmark CNX Nifty was down 0.31% during the same period.
On Friday, November 28, the company said the rating agency ICRA has upgraded the long-term rating for bank facilities of the company has been reinstated to “BB” (stable) and the short-term rating of “A4” has been reaffirmed.