In its biggest fall since listing, shares of Jet Airways India Ltd slumped over 34% today after the cash-strapped carrier that was once ranked India’s second-largest airline suspended operations temporarily after failing to secure emergency funds.
The stock touched a low of ₹158.70 on National Stock Exchange, down 34.01% from its previous close. Jet listed on exchanges on 14 March 2005 with an issue price of ₹1,100 a share. At 9.38 am, the scrip was trading at ₹172.90 on NSE, down 28.11% from previous close.
Rival SpiceJet Ltd surged 8.5% to hit over one-year high levels while InterGlobe Aviation Ltd rose 2%. India’s benchmark index Sensex rose 0.36% to 39,418.45 points.
