Jet Airways: Jet Airways shares have risen sharply today These shares have reached 123% in just 1 day. Today Jet Airways' stock rose by Rs 40.45 to Rs 73.55.
According to Sameer Kalra of Target Investing, this stock has risen due to short covering. These shares can go further from here. According to a Bloomberg report, at 5 o'clock in the evening, the NCLT is going to order it under bankruptcy law.
During the day's business, Jet Airways' share was up 150 percent. The stock had reached Rs 82.75. However, closed at 122 per cent. In the last 7 days, the stock has fallen 60 percent. At the same time, there has been a fall of 80 per cent during the first year.
1.21 crore shares of the company were sold on BSE. SBI had demanded action against Jet Airways under Bankruptcy Act. Jet Airways shares fell 18 per cent to Rs 27 per share. However in the afternoon it got a huge boost.
26 banks on Jet Airways are worth Rs 8500 crore. These airlines are currently closed. Jet borrowers were trying to sell the airlines for the last 5 months but they could not sell.
There is a loan of Rs 36,500 for Jet Airways. In the year 2018, the company showed a loss of 636.5 million rupees. That same year, the company had a profit of Rs 1,498 crore.
