New Delhi: A day after bankers said they plan to begin insolvency proceedings against Jet Airways, its shares plummeted to a record low on Tuesday. The airline’s market value halved in a single day after yesterday’s decision.
Jet Airways shares plunged as much as 53.72 per cent to an intraday low of Rs 31.65 on the National Stock Exchange (NSE) on Monday afternoon. Jet’s scrip nosedived 52.78 per cent to touch an intraday low of Rs 32.25 at the Bombay Stock Exchange (BSE). At 1:27 pm on Tuesday, Jet Airways stock was reduced by 49.27 per cent at Rs 34.65. Jet Airways stock was trading 50.88 per cent lower at Rs 33.60 on the NSE.
