Jet Airways hits 5% upper circuit for 5th straight day; up 27% in one week

According to a report, eighteen months after it was grounded, Jet Airways is all set for a comeback.

Shares of Jet Airways (India) were locked in the upper circuit for fifth straight day, up 5 per cent at Rs 36.45 on the BSE on Wednesday on hopes for the revival. In the past week, the stock has gained 27 per cent, as compared to a 1 per cent rise in the S&P BSE Sensex.

Till 11:44 am, a combined around 95,000 shares had changed hands and there were pending buy orders for 125,000 shares on the BSE and NSE, the exchange data shows.

According to a Business Standard report, eighteen months after it was grounded, Jet