Shares of Jet Airways (India) continued their three-day gaining streak and rallied up to 9 per cent to Rs 164 apiece on the BSE during early morning trade on Wednesday on the back of heavy volumes being traded on the hopes of the airline’s revivial.
The share has surged 32 per cent so far in this week.
At 10:11 am, the stock was trading 7.5 per cent higher at Rs 162 per share, as compared to a 0.27 per cent rise in the S&P BSE Sensex. A combined 15.65 million shares have already changed hands on the NSE and BSE counters till first hour of trade. On an average, an aggregate sub 20 million shares were traded on both the exchanges.
A high-level meeting is learnt to have been fixed between the Hinduja Group and Etihad Airways on Thursday, May 23 in a bid to revive the cash-strapped airline.
