The Jet Airways stock rallied 14 per cent on Tuesday after the Hinduja Group confirmed its interest in the airline. Jet Airways had closed operations on April 17, and its stock has slumped following a spate of senior-level exits and repossession of aircraft.
Jet shares closed the day at Rs 150.75 apiece on the BSE, even as the benchmark Sensex fell 1 per cent. The carrier’s stock has slipped 8 per cent this month, and 45 per cent since January.
A Hinduja Group spokesperson said the group was evaluating the opportunity to invest in the airline. It is carrying out its due diligence at present. Group executives are also expected to travel to Abu Dhabi on Thursday to meet senior officials of Jet’s strategic partner Etihad Airways.
