Shares of Jet Airways have fallen over 24 per cent in one month since the cash-starved airline suspended operations.
Jet Airways stopped flying on April 17 after it ran out of cash. In one month, shares of the company tumbled 24.28 per cent to ₹ 124.10 on the BSE Friday from ₹163.90 on April 18. Markets were closed on April 17 for Mahavir Jayanti.
The scrip of the firm hit its one-year low of ₹120.25 on May 15. Its market valuation has eroded by ₹451.26 crore to ₹1,409.74 crore on BSE during the one month’s time.
Jet Airways witnessed top-level exodus earlier this week, with four senior executives, including chief executive Vinay Dube and his deputy Amit Agarwal, quitting the crisis-hit airline.
