Meanwhile, the S&P BSE Sensex was up 142.24 points, or 0.74%, to 19,320.17.
On BSE, 19.69 lakh shares were traded in the counter as against an average daily volume of 14.36 lakh shares in the past one quarter.
The Jet Airways (India) scrip saw immense intraday volatility. The stock gained as much as 4.22% at the day's high of Rs 489. The stock lost as much as 12.28% at the day's low of Rs 411.60 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.
Shares of Jet Airways (India) have been on an upward journey recently, gaining 21.1% in four trading days from a recent low of Rs 399.35 on 11 June 2013.
The stock had underperformed the market over the past one month till 14 June 2013, falling 18.28% compared with the Sensex's 2.76% fall. The scrip had also underperformed the market in past one quarter, sliding 18.68% as against Sensex's 2.01% fall.
The mid-cap company has equity capital of Rs 86.33 crore. Face value per share is Rs 10.
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Shares of Jet Airways (India) had tumbled in early trade today, 17 June 2013 after foreign investment regulator Foreign Investment Promotion Board (FIPB) on Friday, 14 June 2013, deferred a decision on Etihad Airways' planned 24% stake buy in Jet Airways (India) asking for more details on effective control and ownership of the Indian carrier post the stake sale.
Jet Airways (India) plans to sell 24% stake to Abu Dhabi-based Etihad for about Rs 2058 crore. Jet Airways 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) after market hours on Thursday, 13 June 2013 said its board has approved the appointment of Mr. Gary Kenneth Toomey as the chief executive officer (CEO) of the company, subject to all requisite government/regulatory approvals including Security Clearance being obtained.
Mr. Toomey, 58, is an Australian national and an accomplished airline executive with extensive experience at the highest levels of the international, domestic and regional aviation sectors. He has previously served as President and CEO of the Air New Zealand Group and as chief financial officer (CFO) of Airlines PNG in Papua New Guinea during their periods of major expansion, Jet Airways (India) said. Prior to these roles, he was Deputy CEO, CFO and executive director of Qantas Airways and before that CFO of the domestic carrier, Australian Airlines, Jet Airways said.
Capt. Hameed Ali will continue as acting CEO of the company till the requisite approvals are obtained and Mr. Toomey assumes charge as the CEO of the company, 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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