Meanwhile, the BSE Sensex was up 142.20 points, or 0.75%, to 19,158.66.
On BSE, 7.61 lakh shares were traded in the counter as against an average daily volume of 7.83 lakh shares in the past one quarter.
The stock hit a high of Rs 555.80 and a low of Rs 516 so far during the day. The stock had hit a 52-week high of Rs 688.30 on 28 January 2013. The stock had hit a 52-week low of Rs 275.10 on 16 May 2012.
The stock had underperformed the market over the past one month till 18 April 2013, sliding 8.47% compared with the Sensex's 1.43% fall. The scrip had also underperformed the market in past one quarter, falling 10.91% as against Sensex's 5.10% fall.
The mid-cap company has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.
As per reports, Jet Airways (India) plans to use Abu Dhabi as a hub for launching flights to North America, West Asia and North Africa. The airline has sought an extra 42,000 seats-a-week to Abu Dhabi in addition to the 4,500 it is currently allowed to operate. All Indian carriers combined have an entitlement of 13,300 seats per week to Abu Dhabi and the two countries are likely to meet next week to renegotiate the bilateral seat entitlements, reports added.
Jet Airways has reportedly submitted its ambitious expansion plan to the aviation ministry at a time when the airline is all set to sell strategic equity stake to Abu Dhabi-based Etihad Airways.
According to recent reports, the stake sale deal of Jet Airways and Etihad Airways could be finalised in a month. The deal would inject much-needed funds into Jet Airways and help Etihad expand its reach into the vast Indian aviation market.
Etihad has been in talks for a strategic equity equity stake in Jet Airways ever since India relaxed ownership rules and allowed foreign airlines to buy up to 49% in local carriers.
Earlier, some media reports had suggested that the deal would be delayed at least until August 2013 due to concerns of past failed forays by Gulf investors into India and the Etihad's demands to protect its potential investment.
However, Etihad later said that it remained in talks with Jet and has been strengthening its business relations with the Indian airline.
Etihad Airways on 27 February 2013, said it has acquired three pairs of landing and departure slots at London's Heathrow airport from Jet Airways (India) for $70 million. Under the agreement signed on 26 February 2013, Jet Airways leased back the slots and continue to use them for its London flights. Etihad said also its talks to make an investment in Jet Airways are progressing. Jet Airways has been in talks with Etihad for several months to sell a stake to the Middle Eastern carrier.
Jet Airways (India) reported net profit of Rs 85 crore in Q3 December 2012 as against net loss of Rs 101.22 crore in Q3 December 2011. Net sales rose 6.6% to Rs 3941.39 crore in Q3 December 2012 over Q3 December 2011.
Jet Airways currently operates a fleet of 99 aircraft. It connects 20 international destinations and operates flights to and from 53 destinations in India.
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