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Jet Airways Soars For Third-Straight Session By Over 8% After Hinduja Buy Buzz

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The debt-laden Jet Airways in intra-day trade on Wednesday moved higher by over 8% after diversified Hinduja group showed interest and said to evaluate the deal. On the BSE, the airline stock rose 8.59% to Rs 163.70. The stock gained 8.61 per cent to Rs 163.85, on the NSE.

"Hinduja Group is evaluating the Jet Airways opportunity," the group said in a statement on Tuesday.

Jet Airways Soars For Third-Straight Session By Over 8%
 

On April 17, the grounded airline temporarily halted its operations both domestically and internationally and SBI led lenders consortium is still looking for suitable bidders for the airlines.

This is the third continuous session of gains for the airline struggling with debt of Rs. 8000 crore.

Jet Airways was the last trading at Rs. 161.30, up to Rs. 10.55 or 7% on the BSE.

GoodReturns.in

Read more about: jet airways sbi hinduja group debt
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