Trending stocks: Jet Airways shares down nearly 2%

NEW DELHI: Shares of Jet Airways (India) traded 1.93 per cent down in Friday's trade at 10:43AM (IST). Around 6,856 shares changed hands on the counter.

The counter opened at Rs 21.3 and touched an intraday high and low of Rs 21.3 and Rs 20.1, respectively, in the session so far. Shares of the company 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 232.87 crore at the time of writing this report.


The defunct airline's proposed sale of its business in the Netherlands to KLM has been scrapped as the European country's airport slot coordination organisation, ACNL, rejected the deal.

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.

Shareholding pattern
As of 30-Jun-2019, DIIs held 0.0 per cent stake in the company, 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 price-to-earnings multiple of -0.05 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.