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Jet Airways surges on heavy volumes

The stock has surged nearly 11% at Rs 327 on back of heavy volumes on the bourses.

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SI Reporter Mumbai
Jet Airways (India) has surged nearly 11% at Rs 327 on back of heavy volumes on the bourses.

The stock of the country's largest private airline by revenues, has opened at Rs 298 and hit a high of Rs 335 on BSE. A combined 1.51 million shares already change hands on the counter in early morning deals against an average 1.4 million shares that were traded daily in past two weeks on BSE and NSE.

Meanwhile, the stock has underperformed the market by falling 20% in past one month as compared to nearly 9% decline in benchmark S&P BSE Sensex till yesterday.
 
 

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First Published: Aug 23 2013 | 9:49 AM IST

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