Meanwhile, the S&P BSE Sensex was down 204.35 points or 1.07% at 18,836.78.
On BSE, 8.89 lakh shares were traded in the counter as against average daily volume of 14.34 lakh shares in the past one quarter.
The stock hit a high of Rs 442.35 and a low of Rs 401.10 so far during the day. The stock had hit a 52-week high of Rs 688.60 on 25 April 2013. The stock had hit a 52-week low of Rs 320.30 on 27 July 2012.
The stock had underperformed the market over the past one month till 12 June 2013, sliding 30.51% compared with the Sensex's 5.37% fall. The scrip had also underperformed the market in past one quarter, falling 28.46% as against Sensex's 2.68% decline.
The mid-cap company has equity capital of Rs 86.33 crore. Face value per share is Rs 10.
Shares of Jet Airways rose for the second day in a row today, 13 June 2013, with the stock recovering after a recent steep slide. The stock had risen 1.95% to settle at Rs 407.15 on Wednesday, 12 June 2013. Earlier, the stock had tumbled 16.68% in five trading sessions to settle at Rs 399.35 on 11 June 2013, from a recent high of Rs 479.35 on 4 June 2013.
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Jet Airways plans to sell 24% stake to Abu Dhabi-based Etihad for about Rs 2058 crore. Jet Airways (India) and United Arab Emirates (UAE) based Etihad Airways on 24 April 2013 announced that Etihad Airways has agreed to subscribe to 2.72 crore new shares of Jet Airways at a price of Rs 754.74 per share. The value of this equity investment is $379 million and will result in Etihad Airways holding 24% of the enlarged share capital of Jet Airways.
Jet Airways (India) on 7 June 2013 said that Mr. Nikos Kardassis, chief executive officer (CEO) of the company has resigned with effect from 5 June 2013. Jet Airways (India) did not give any reason for Kardassis' resignation as CEO of the airline. Capt. Hameed Ali, who is chief operating officer of the company, will be the 'Acting CEO' till the board identifies and appoints a new CEO, Jet Airways (India) said.
Jet Airways (India)'s net loss widened to Rs 495.53 crore in Q4 March 2013, from net loss of Rs 298.12 crore in Q4 March 2012. Net sales declined 0.1% to Rs 3840.27 crore in Q4 March 2013 over Q4 March 2012.
The Jet Airways group currently operates a fleet of 109 wide and narrow-bodied aircraft under the Jet Airways and JetKonnect brands.
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