Jet Airways stock goes berserk, swings 100% between highs & lows

NEW DELHI: Shares of Jet Airways went berserk in Friday’s trade, swinging in a wide range of over 116 per cent between high and low points after the NCLT admitted the ailing airline for insolvency proceedings on Thursday.

A ban on the futures and options contracts on the stock lapsed on Friday.

Speculative trade was at its extreme, while deliverable quantity remained low at a mere 3.42 per cent of total traded quantity on BSE at the time of writing this copy.