Trending stocks: Jet Airways share price slips over 4%

Shares of Jet Airways (India) Ltd. traded 4.23 per cent down in trade at 11:02AM on Thursday.

Agencies
Total market cap of the Jet Airways (India) Ltd. stood at Rs 237.42 crore at the time of writing this report. 
NEW DELHI: Shares of Jet Airways (India) traded 4.23 per cent down in Thursday's trade at 11:02AM (IST). Around 11,825 shares changed hands on the counter.

The counter opened at Rs 20.5 and touched an intraday high and low of Rs 21.8 and Rs 20.25, respectively, in the session so far. The stock of Jet Airways (India) Ltd. quoted a 52-week high of Rs 164.9 and a 52-week low of Rs 13.0.

Total market cap of the Jet Airways (India) Ltd. stood at Rs 237.42 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 6147.98 crore for the quarter ended 31-Dec-2018, down 0.21 per cent from previous quarter's Rs 6161.15 crore and down 1.02 per cent from the year-ago quarter's Rs 6086.2 crore.

The net loss for latest quarter stood at Rs 587.77 crore, $Parser.toAbsolute($MarketsData-marketResults.quaterlyResults.searchResult.quaterlyDataDetail[8].percentChangeYearly) per cent from the same quarter a year ago.

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Shareholding pattern
As of 30-Jun-2019, domestic institutional investors held 0.0 per cent stake in the firm, while foreign institutional investors held 1.2 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -0.06 and a price-to-book ratio of -0.03. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Jet Airways (India) Ltd. belongs to the Airlines industry.
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