Meanwhile, the BSE Sensex was down 33.58 points, or 0.17%, to 19,750.50
On BSE, 3.36 lakh shares were traded in the counter as against an average daily volume of 8.74 lakh shares in the past one quarter.
The stock hit a high of Rs 618.10 and a low of Rs 598.10 so far during the day. The stock had hit a 52-week high of Rs 639 on 18 December 2012. The stock had hit a 52-week low of Rs 169.30 on 6 January 2012.
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The stock had outperformed the market over the past one month till 4 January 2013, rising 15.82% compared with Sensex's 2.25% rise. The scrip had also outperformed the market in past one quarter, surging 65.46% as against Sensex's 3.81% gain.
The mid-cap company has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.
Shares of Jet Airways (India) were on a roll recently, advancing 9.37% in four trading sessions to Rs 610.55 on 4 January 2013 from a recent low of Rs 558.20 on 31 December 2012. Shares were boosted after the company said during trading hours on Thursday, 3 January 2013, it is in discussion with Etihad Airways regarding a potential investment by the latter in the former. These discussions have commenced recently pursuant to the liberalized FDI policy which permitted foreign investment in the shares of an Indian airline, Jet Airways said. The discussions are in progress but no terms have been firmed up at present, the company said.
Various structures are being explored by the legal and commercial teams and care is being taken to ensure that all the Indian regulatory requirements are fully complied with, Jet Airways said. By its very nature, there cannot, at this stage, be a firm time line as to the progress of these negotiations considering the complexity of trans-national transactions such as this, and the complexity of the legal requirements of the regulatory structure, Jet Airways said. Since no agreement has been reached with Etihad as yet, no regulatory approvals have been sought at present, the company said.
The company issued this statement while clarifying its position with regard to media reports that Etihad Airways is close to buying stake in Jet Airways.
Jet Airways (India) reported a net loss of Rs 99.67 crore in Q2 September 2012, lower than net loss of Rs 713.60 crore in Q2 September 2011. Net sales rose 20.3% to Rs 3755.28 crore in Q2 September 2012 over Q2 September 2011.
Jet Airways (India) currently operates a fleet of 100 aircraft, which include 10 Boeing 777-300 ER aircraft, 11 Airbus A330-200 aircraft, 1 Airbus A330-300 aircraft , 60 next generation Boeing 737-700/800/900 aircraft and 18 modern ATR 72-500 turboprop aircraft. With an average fleet age of 6.06 years, the airline has one of the youngest aircraft fleets in the world. Flights to 73 destinations span the length and breadth of India and beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo, Dammam, Dhaka, Doha, Dubai, Hong Kong, Jeddah, Kathmandu, Kuwait, London (Heathrow), Milan, Muscat, New York (Newark), Riyadh, Sharjah, Singapore and Toronto.
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