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Jet Airways slips 8% on weak FY09 results

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BS Reporter Mumbai

The stock plunged to a low of Rs 277 and finally ended down 8% at Rs 280. Around 551,639 shares were traded on the BSE today.
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(Updated at 1151 hrs)

Jet Airways has slipped 2% on the BSE on a dip in FY09 numbers.

The stock opened in the red at Rs 295. It recovered and touched a high of Rs 310. The stock is now down 1.5%  at Rs 300. However, the stock has gained 48% in the past month. Around 267,338 shares have been traded on the counter so far.

According to a release issued to the BSE, the company has posted a consolidated net loss of Rs 961.41 crore in the year ended March 31,2009. In the last fiscal the company had reported a net loss of Rs 653.87 crore. The total income has, however, increased 22% to Rs 13,448.86 crore from Rs 10,990.72 crore.

 

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First Published: May 26 2009 | 4:08 PM IST

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