Shares of Jet Airways rose over 4 per cent in early trade on Bombay Stock Exchange (BSE) after reporting a net profit of Rs 69.82 crore for the quarter ended September 2014 (Q2) on the back of gains from the sale of its frequent-flyer programme (FFP) and higher other income. The company had net loss of Rs 891 crore in a year ago quarter. Sales increased 16 per cent to Rs 4,403 crore against Rs 3,788 crore in the corresponding quarter of previous fiscal.
Similarly, shares of the company rose 4.09 per cent to Rs 262 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 27,851.85, up 16.78 points or 0.06 per cent at 10.46 hours.